Zacks Research Issues Positive Estimate for CRS Earnings

Carpenter Technology Corporation (NYSE:CRS) – Analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for Carpenter Technology in a research note issued on Thursday, February 19th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $2.55 for the quarter, up from their prior estimate of $2.46. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Carpenter Technology’s Q4 2026 earnings at $2.88 EPS, FY2026 earnings at $10.20 EPS, Q1 2027 earnings at $2.70 EPS, Q2 2027 earnings at $2.72 EPS, Q1 2028 earnings at $3.18 EPS and FY2028 earnings at $14.08 EPS.

Other analysts have also recently issued reports about the stock. BTIG Research lifted their target price on shares of Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. KeyCorp upgraded shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective for the company in a report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 target price on shares of Carpenter Technology and gave the stock a “buy” rating in a research report on Friday, October 24th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Carpenter Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Carpenter Technology Trading Up 3.5%

Shares of NYSE CRS opened at $385.27 on Friday. The business has a 50 day simple moving average of $337.98 and a 200 day simple moving average of $295.11. Carpenter Technology has a 52 week low of $138.61 and a 52 week high of $390.70. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.13. The company had revenue of $728.00 million for the quarter, compared to analyst estimates of $733.76 million. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, January 27th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s dividend payout ratio is presently 9.29%.

Insider Buying and Selling

In other news, COO Brian J. Malloy sold 4,130 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $303.52, for a total value of $1,253,537.60. Following the completion of the sale, the chief operating officer directly owned 78,875 shares of the company’s stock, valued at approximately $23,940,140. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Elizabeth A. Socci sold 3,900 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the completion of the sale, the vice president owned 9,594 shares in the company, valued at approximately $3,082,072.50. The trade was a 28.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 79,358 shares of company stock worth $24,254,008 in the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Carpenter Technology

Several large investors have recently bought and sold shares of the stock. Sands Capital Management LLC acquired a new stake in Carpenter Technology in the 4th quarter worth $195,731,000. Norges Bank bought a new stake in shares of Carpenter Technology in the fourth quarter valued at about $195,254,000. Aspex Management HK Ltd acquired a new stake in Carpenter Technology during the third quarter worth about $136,215,000. TOMS Capital Investment Management LP acquired a new stake in Carpenter Technology during the second quarter worth about $106,683,000. Finally, UBS Group AG increased its stake in Carpenter Technology by 171.2% during the fourth quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock valued at $190,951,000 after acquiring an additional 382,865 shares during the period. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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