Zacks Research Has Positive Estimate for CRS Q1 Earnings

Carpenter Technology Co. (NYSE:CRS) – Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Carpenter Technology in a research note issued on Wednesday, November 20th. Zacks Research analyst S. Deb now expects that the basic materials company will earn $1.75 per share for the quarter, up from their previous estimate of $1.74. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.61 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2026 earnings at $1.72 EPS, Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $7.12 EPS, Q1 2027 earnings at $2.01 EPS and FY2027 earnings at $8.50 EPS.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.15. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The company had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $742.96 million. During the same quarter in the prior year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year.

CRS has been the subject of several other research reports. BTIG Research raised their target price on Carpenter Technology from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Benchmark reaffirmed a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. initiated coverage on Carpenter Technology in a research note on Friday. They set an “overweight” rating and a $220.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.00.

Carpenter Technology Trading Up 0.2 %

NYSE:CRS opened at $180.98 on Friday. The business has a fifty day moving average of $161.90 and a 200-day moving average of $134.76. Carpenter Technology has a 1 year low of $58.87 and a 1 year high of $187.03. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 0.94 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84.

Institutional Investors Weigh In On Carpenter Technology

Several hedge funds have recently modified their holdings of the stock. Virtue Capital Management LLC purchased a new stake in shares of Carpenter Technology during the third quarter valued at $860,000. Geode Capital Management LLC lifted its stake in Carpenter Technology by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company’s stock worth $175,607,000 after acquiring an additional 17,497 shares in the last quarter. Barclays PLC lifted its stake in Carpenter Technology by 471.1% in the 3rd quarter. Barclays PLC now owns 101,745 shares of the basic materials company’s stock worth $16,236,000 after acquiring an additional 83,930 shares in the last quarter. Zacks Investment Management lifted its stake in Carpenter Technology by 165.6% in the 3rd quarter. Zacks Investment Management now owns 13,675 shares of the basic materials company’s stock worth $2,182,000 after acquiring an additional 8,527 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Carpenter Technology by 8,300.2% in the 3rd quarter. National Bank of Canada FI now owns 38,473 shares of the basic materials company’s stock worth $6,140,000 after acquiring an additional 38,015 shares in the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Tuesday, October 22nd. Carpenter Technology’s dividend payout ratio is 17.82%.

Carpenter Technology Company Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in 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 additives, and metal powders and parts.