Carpenter Technology Corporation (CRS) to Distribute Quarterly Dividend of $0.20 on September 3rd

Carpenter Technology Corporation (NYSE:CRS) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Tuesday, August 25th will be paid a dividend of 0.20 per share by the basic materials company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, August 25th.

Carpenter Technology has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carpenter Technology to earn $15.46 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 5.2%.

Carpenter Technology Stock Up 1.2%

Shares of Carpenter Technology stock opened at $535.17 on Friday. Carpenter Technology has a 12-month low of $228.00 and a 12-month high of $625.98. The company has a quick ratio of 2.23, a current ratio of 3.81 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $567.80 and a two-hundred day moving average price of $461.68. The stock has a market capitalization of $26.59 billion, a P/E ratio of 50.87, a PEG ratio of 1.92 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The company had revenue of $679.70 million for the quarter, compared to analyst estimates of $863.33 million. During the same quarter last year, the firm posted $2.21 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts expect that Carpenter Technology will post 12.92 earnings per share for the current year.

Carpenter Technology Company Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.