Carpenter Technology (NYSE:CRS) Hasn't Managed To Accelerate Its Returns [Yahoo! Finance]
Carpenter Technology Corporation (CRS)
Last carpenter technology corporation earnings: 4/30 08:00 am
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ir.cartech.com
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Source: Yahoo! Finance
employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Although, when we looked at Carpenter Technology NYSE:CRS ), it didn't seem to tick all of these boxes. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Carpenter Technology is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.10 = US$279m ÷ (US$3.2b - US$453m) (Based on the trailing twelve months to March 2024) Therefore, Carpenter Technology has an ROCE of 10%. That's a relatively normal return on capital, and it's around the 9.1% generated by the Metals and Mining industry. See our latest analysis for
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CRS
News
- Carpenter Technology Co. (NYSE: CRS) had its "sell" rating re-affirmed by analysts at Northcoast Research. They now have a $89.00 price target on the stock.MarketBeat
- Is Carpenter Technology (CRS) Outperforming Other Basic Materials Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Solid Demand, Pricing Actions Aid Carpenter Technology (CRS) [Yahoo! Finance]Yahoo! Finance
- Carpenter Technology Co. (NYSE: CRS) had its price target raised by analysts at TD Cowen from $116.00 to $125.00. They now have a "buy" rating on the stock.MarketBeat
- We Ran A Stock Scan For Earnings Growth And Carpenter Technology (NYSE:CRS) Passed With Ease [Yahoo! Finance]Yahoo! Finance
CRS
Earnings
- 5/1/24 - Beat
CRS
Sec Filings
- 5/28/24 - Form SD
- 5/23/24 - Form 4
- 5/21/24 - Form 144
- CRS's page on the SEC website