After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Carpenter Technology Reports Second Quarter Fiscal Year 2024 Results.
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Stocks Info
The company is listed on the NYSE and operates within the Metal Fabrication industry segment. The current market capitalization of Carpenter Technology Corp. is $3.53B. A total of 0.52 million shares were traded on the day, compared to an average of 449.76K shares.
In the most recent transaction, MCLANE CHARLES DOUGLAS JR sold 3,791 shares of CRS for 66.42 per share on Nov 07 ’23. After the transaction, the Director now owns 6,459 company shares. In a previous transaction on Sep 20 ’23, KAROL STEVEN E sold 1,227 shares at 69.00 per share. CRS shares that Director owns now total 180,000.
Among the insiders who sold shares, AKINS MARSHALL D disposed of 1,500 shares on Sep 13 ’23 at a per-share price of $65.00. This resulted in the VP Chief Commercial Officer holding 23,008 shares of CRS after the transaction. In another insider transaction, KAROL STEVEN E sold 60,656 shares at $60.17 per share on Aug 01 ’23. Company shares held by the Director now total 275,127.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Carpenter Technology Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 24.82. CRS’s most recent ex-dividend date was 1/29/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 3/7/2024. Previously, the company paid the dividend on 12/7/2023 with an ex-dividend date of 10/23/2023. The CRS stock dividend was $0.20 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CRS has a high of $74.06 and a low of $40.57.
As of this writing, CRS has an earnings estimate of $0.93 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.96 per share and a lower estimate of $0.91. The company reported an EPS of $0.89 in the last quarter, which was 17.10% higher than expectations of $0.76.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CRS’s latest balance sheet shows that the firm has $154.20M in Cash & Short Term Investments as of fiscal 2022. There were $701.70M in debt and $375.60M in liabilities at the time. Its Book Value Per Share was $29.83, while its Total Shareholder’s Equity was $1.33B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRS is Buy with a score of 4.50.
