Carpenter Technology (CRS, $$48.78) disappoints on fiscal Q1 earnings and revenue
Carpenter Technology’s fiscal first quarter earnings and revenue missed analysts’ expectations
The manufacturer of stainless steels and corrosion-resistant alloys reported adjusted earnings of 85 cents per share in the first quarter of fiscal 2020 (ended Sep 30, 2019), which fell short of the Zacks Consensus Estimate of 89 cents. However, the figure is still higher than the year-ago quarter’s 65 cents per share.
Operating profit in the quarter rose +32.8% to $59.8 million. Operating margin climbed to 10.2% in the quarter, compared to the year-earlier quarter’s 7.9%.
Carpenter’s net sales increased +2.3% year over year to $585.4 million for the quarter, but missed the Zacks Consensus Estimate of $593 million. Volumes fell - 5% year-over-year .
Sales from the company’s Specialty Alloys Operations segment increased year-over-year by + 3.3%. The segment sold 60,044 pounds, which is -4.2% lower than the prior-year quarter. Operating profit in this segment increased +53.4% year over year to $81 million, on the back of product mix strength.
Net sales in the Performance Engineered Products’ segment declined -2.1% year over year for the quarter. The segment sold 3,250 pounds, +19% higher from the year-ago quarter. The segment incurred an operating loss of -$2 million.
Carpenter’s cash and cash equivalents of $25 million at the end of the fiscal first quarter, was higher than the $17 million recorded at the prior-year quarter’s end. Cash from operating activities declined to $0.7 million for the quarter from the year-earlier quarter’s $9.4 million.
CRS's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for CRS turned positive on June 24, 2025. Looking at past instances where CRS's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRS advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 304 cases where CRS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CRS broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.812) is normal, around the industry mean (4.458). P/E Ratio (39.601) is within average values for comparable stocks, (40.703). CRS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.029). Dividend Yield (0.003) settles around the average of (0.098) among similar stocks. P/S Ratio (4.859) is also within normal values, averaging (317.399).
Industry description
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
a manufacturer of specialty metals
Industry MetalFabrication
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