Carpenter Technology Corp (NYSE: CRS) has reported earnings for its first fiscal quarter (ending September 30) of $1.69 versus $0.89 for the same period a year ago — an increase of 90%. For the latest four quarters through September 30, E.P.S. were $4.54 versus $2.18 for the same period a year ago — an increase of 108%.
Recent Price Action
Carpenter Technology Corp (NYSE: CRS) stock declined modestly by -1.5% on 10/24/24. The stock closed at $154.37. Moreover, exceptionally high trading volume at 269% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CRS is expected to continue to be an important Value Builder.
Carpenter Technology has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Carpenter Technology has a poor Appreciation Score of 29 but a very high Power Rating of 95, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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