Q1 EPS Forecast for Carpenter Technology Boosted by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for Carpenter Technology in a research report issued to clients and investors on Friday, July 17th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $2.83 per share for the quarter, up from their prior estimate of $2.82. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.58 per share. Zacks Research also issued estimates for Carpenter Technology’s Q2 2027 earnings at $2.85 EPS, Q4 2027 earnings at $3.25 EPS, FY2027 earnings at $12.12 EPS, Q1 2028 earnings at $3.24 EPS, Q2 2028 earnings at $3.36 EPS, Q4 2028 earnings at $4.00 EPS and FY2028 earnings at $14.49 EPS.

Other equities analysts also recently issued reports about the stock. KeyCorp raised their price objective on shares of Carpenter Technology from $459.00 to $644.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $500.00 price target on shares of Carpenter Technology in a research report on Thursday, April 30th. TD Cowen raised their price target on shares of Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Susquehanna lifted their price objective on Carpenter Technology from $495.00 to $680.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Finally, Weiss Ratings lowered Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carpenter Technology currently has a consensus rating of “Buy” and an average target price of $556.75.

Carpenter Technology Trading Up 5.9%

Shares of Carpenter Technology stock opened at $587.97 on Monday. Carpenter Technology has a 52-week low of $228.00 and a 52-week high of $625.98. The firm has a market capitalization of $29.22 billion, a PE ratio of 61.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The company’s fifty day moving average price is $530.80 and its two-hundred day moving average price is $434.74.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.59 by $0.18. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The firm had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. During the same period last year, the business earned $1.88 earnings per share. Carpenter Technology’s quarterly revenue was up 11.6% compared to the same quarter last year.

Insiders Place Their Bets

In other news, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total value of $5,214,668.40. Following the sale, the vice president owned 18,344 shares in the company, valued at approximately $8,096,307.84. The trade was a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $423.86, for a total transaction of $317,895.00. Following the completion of the sale, the director directly owned 750 shares in the company, valued at approximately $317,895. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carpenter Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in shares of Carpenter Technology during the first quarter worth approximately $317,411,000. Sands Capital Management LLC acquired a new position in shares of Carpenter Technology in the 4th quarter worth approximately $195,731,000. Norges Bank acquired a new position in shares of Carpenter Technology in the 4th quarter worth approximately $195,254,000. TOMS Capital Investment Management LP bought a new stake in Carpenter Technology during the 2nd quarter worth approximately $106,683,000. Finally, UBS Group AG grew its position in Carpenter Technology by 171.2% during the 4th quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock worth $190,951,000 after acquiring an additional 382,865 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

About Carpenter Technology

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.