Carpenter Technology Corporation (NYSE:CRS) is reporting first quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, CRS is expected to report 1Q21 loss of $ 0.58 per share from revenue of $ 371.00 million.
For the full year, analysts anticipate top line of $ 1743.33 million, while looking forward to loss of $ 1.23 per share bottom line.
Previous Quarter Performance
Carpenter Technology Corporation revealed loss for the fourth quarter of $ 0.31 per share, from the revenue of $ 437.30 million. The quarterly revenues declined 31.82 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.34 per share from $ 438.90 million in revenue. The bottom line results beat street analysts by $ 0.03 or 8.82 percent, at the same time, top line results fell short of analysts by $ 1.6 million or 0.36 percent.
Stock Performance
Shares of Carpenter Technology Corporation traded low $ -0.21 or -1.17 percent on Wednesday, reaching $ 17.30 with volume of 259.10 thousand shares. The stock opened positive for the day at $ 17.60, after closing the previous day trading at $ 17.50.
According to the previous trading day, closing price of $ 17.50, representing a 28.68 % increase from the 52 week low of $ 13.60 and a 68.12 % decrease over the 52 week high of $ 54.90.
The company has a market capital of $ 829.24 million and is part of the Industrials sector and Metal Fabrication industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.20 per share on October 15, 2020. The dividend were payable on December 3, 2020 to holders of record as of the close of business on October 27, 2020 and ex-dividend date on October 26, 2020.
On August 12, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on August 25, 2020, with payment date of September 3, 2020 and ex-dividend date on August 24, 2020.
Conference Call
Carpenter Technology Corporation will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cartech.com
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through 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 drilling tools, and metal powders and parts.
