- Carpenter Technology‘s third-quarter net sales reached $727.0 million.
- Sales increased by 6.1% compared to the same period last year.
- Net sales were close to the estimated $731 million.
- Diluted Earnings Per Share (EPS) improved significantly to $1.88, up from 12 cents year-over-year.
- Adjusted EPS for the quarter also stands at $1.88.
- Analyst ratings include 6 buy recommendations and 2 hold recommendations, with no sell ratings.
A look at Carpenter Technology Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Carpenter Technology shows a promising long-term outlook. With a high Growth score of 5, the company is positioned well for future expansion and development. Momentum is also strong with a score of 5, indicating positive market momentum that may continue in the long term. In terms of Value and Dividend, Carpenter Technology received scores of 2, suggesting there may be room for improvement in these areas. However, with a Resilience score of 3, the company demonstrates a moderate level of resilience to potential market challenges.
Carpenter Technology Corporation specializes in manufacturing, fabricating, and distributing stainless steels, titanium, and specialty metal alloys. The company’s diverse product range includes basic metal alloying elements processed into finished products like billets, bars, rods, and various special shapes. Additionally, Carpenter Technology produces engineered products such as ceramics and metal injected molded designs, showcasing its innovative approach to the materials industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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