Carpenter Tech upgraded by The Benchmark Company with a new price target
$CRS
Steel/Iron Ore
Industrials
The Benchmark Company upgraded Carpenter Tech from Hold to Buy and set a new price target of $40.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2024 | $220.00 | Overweight | Analyst |
| 7/30/2024 | $120.00 → $165.00 | Buy | BTIG Research |
| 6/26/2024 | $120.00 | Buy | BTIG Research |
| 6/25/2024 | $144.00 | Buy | Deutsche Bank |
| 5/6/2024 | Buy → Neutral | Northcoast | |
| 8/25/2023 | $73.00 | Buy | Northcoast |
| 9/12/2022 | $45.00 | Market Perform → Outperform | Cowen |
| 2/11/2022 | $52.00 → $53.00 | Neutral → Overweight | JP Morgan |
Analyst initiated coverage of Carpenter Tech with a rating of Overweight and set a new price target of $220.00
BTIG Research reiterated coverage of Carpenter Tech with a rating of Buy and set a new price target of $165.00 from $120.00 previously
BTIG Research initiated coverage of Carpenter Tech with a rating of Buy and set a new price target of $120.00
Fiscal Year 2025 Outlook Expect operating income to be in the range of $460 million to $500 million, pulling forward financial goal 2 years from fiscal year 2027 to fiscal year 2025 With operating income guidance, expect to generate $250 million to $300 million in adjusted free cash flow, which represents approximately 85 percent conversion rate For first quarter of fiscal year 2025, anticipate between $114 million and $120 million in operating income Well positioned for continued growth beyond fiscal year 2025 with strong market demand outlook for our broad portfolio of specialized solutions, increasing productivity, optimizing product mix and pricing actions
4 - CARPENTER TECHNOLOGY CORP (0000017843) (Issuer)
4 - CARPENTER TECHNOLOGY CORP (0000017843) (Issuer)
4 - CARPENTER TECHNOLOGY CORP (0000017843) (Issuer)
Delivered Record First Quarter Operating Income Exceeded First Quarter Operating Income Guidance for Specialty Alloys Operations SegmentExpanded Operating Margins in Specialty Alloys Operations SegmentGenerated Positive Adjusted Free Cash FlowRepurchased Shares Against Authorized Share Repurchase ProgramStrengthening FY25 Outlook PHILADELPHIA, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) (the "Company") today announced financial results for the fiscal first quarter ended September 30, 2024. For the quarter, the Company reported operating income of $113.6 million and earnings per diluted share of $1.67. Excluding the special item discussed below, adjust
PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable December 5, 2024, to shareholders of record on October 22, 2024. About Carpenter Technology Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, ni
PHILADELPHIA, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) plans to host a conference call and webcast on Thursday, October 24, 2024 at 10:00 a.m. ET to discuss the results of operations for the first quarter of fiscal year 2025, ended September 30, 2024. The call and webcast will follow the release of first quarter fiscal 2025 financial results before the market opens on Thursday, October 24, 2024. Conference Call and Webcast Details What: Carpenter Technology First Quarter Fiscal 2025 Conference Call Date: Thursday October 24, 2024 Time: 10:00 a.m. Eastern Time Live Call: +1 412-317-9259 Live and Archived Webcast: ir.carpentertechnology.com About
8-K - CARPENTER TECHNOLOGY CORP (0000017843) (Filer)
8-K - CARPENTER TECHNOLOGY CORP (0000017843) (Filer)
10-Q - CARPENTER TECHNOLOGY CORP (0000017843) (Filer)
4/A - CARPENTER TECHNOLOGY CORP (0000017843) (Issuer)
Delivered Record First Quarter Operating Income Exceeded First Quarter Operating Income Guidance for Specialty Alloys Operations SegmentExpanded Operating Margins in Specialty Alloys Operations SegmentGenerated Positive Adjusted Free Cash FlowRepurchased Shares Against Authorized Share Repurchase ProgramStrengthening FY25 Outlook PHILADELPHIA, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) (the "Company") today announced financial results for the fiscal first quarter ended September 30, 2024. For the quarter, the Company reported operating income of $113.6 million and earnings per diluted share of $1.67. Excluding the special item discussed below, adjust
PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced today that Howard Yu has been appointed to the Company's Board of Directors, effective October 9, 2024. Mr. Yu brings more than 25 years of financial leadership experience in large multinational organizations. Mr. Yu is currently the Executive Vice President, Chief Financial Officer for Ball Corporation, a supplier of innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Prior to his current role, Mr. Yu served as Senior Vice President and Chief Financial Officer for Envista, a publicly traded global company and spin-off of Dana
PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable December 5, 2024, to shareholders of record on October 22, 2024. About Carpenter Technology Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, ni
Jad Dowdy to assume new role of Senior Vice President of Financial Planning and Analysis Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced the appointment of Michael (Mike) A. Hajost as Chief Financial Officer. Hajost will succeed John A. (Jad) Dowdy, III, who will assume the new role of Senior Vice President, Financial Planning and Analysis. Hajost will join the Company on February 7, 2022, as special advisor to Danimer's Chief Executive Officer Stephen E. Croskrey before assuming the CFO position in early March 2022. Hajost most recently se
SC 13G - CARPENTER TECHNOLOGY CORP (0000017843) (Subject)
SC 13G/A - CARPENTER TECHNOLOGY CORP (0000017843) (Subject)
SC 13G/A - CARPENTER TECHNOLOGY CORP (0000017843) (Subject)