Q1 EPS Forecast for Carpenter Technology Raised by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Zacks Research boosted their Q1 2027 EPS estimates for shares of Carpenter Technology in a report issued on Thursday, February 26th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $2.72 for the quarter, up from their previous forecast of $2.70. 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 Q2 2027 earnings at $2.74 EPS, FY2027 earnings at $11.81 EPS, Q1 2028 earnings at $3.19 EPS and FY2028 earnings at $14.10 EPS.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The business had revenue of $728.00 million during the quarter, compared to analyst estimates of $733.76 million. During the same quarter in the previous year, the business posted $1.66 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis.

Several other research firms have also recently issued reports on CRS. BTIG Research raised their price objective on Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. lifted their price target on Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a report on Tuesday, January 27th. Finally, KeyCorp raised shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target for the company in a research report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.43.

Carpenter Technology Stock Up 0.6%

CRS stock opened at $398.06 on Friday. The company has a 50 day moving average price of $345.15 and a two-hundred day moving average price of $299.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25. The stock has a market capitalization of $19.83 billion, a P/E ratio of 46.23, a PEG ratio of 1.55 and a beta of 1.30. Carpenter Technology has a one year low of $138.61 and a one year high of $403.81.

Hedge Funds Weigh In On Carpenter Technology

Several hedge funds and other institutional investors have recently bought and sold shares of CRS. Geneos Wealth Management Inc. acquired a new stake in Carpenter Technology in the second quarter valued at approximately $28,000. Armstrong Advisory Group Inc. lifted its position in shares of Carpenter Technology by 57.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Carpenter Technology in the third quarter valued at $41,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Carpenter Technology by 54.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 171 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 60 shares during the period. Finally, Spire Wealth Management grew its holdings in Carpenter Technology by 164.7% during the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 84 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carpenter Technology news, Director Steven E. Karol sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $381.12, for a total transaction of $1,333,920.00. Following the transaction, the director owned 225,381 shares in the company, valued at $85,897,206.72. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brian J. Malloy sold 4,130 shares of the company’s stock in a transaction dated 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 $23,940,140. The trade was a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 97,758 shares of company stock valued at $31,665,177. Company insiders own 2.90% of the company’s stock.

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 issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is presently 9.29%.

More Carpenter Technology News

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research raised multiple near‑term and multi‑year EPS forecasts for CRS (small upward adjustments to Q1/Q2 2027, FY2027 and FY2028 estimates), supporting higher forward earnings expectations and helping investor sentiment.
• Positive Sentiment: Seeking Alpha published an upgrade arguing Carpenter has gained pricing power in a tight market — a fundamental case that can justify multiple expansion and increased investor demand. Carpenter Technology Gains Pricing Power In A Tight Market (Upgrade)
• Positive Sentiment: The stock set a fresh annual (52‑week) high, signaling momentum and likely drawing technical buyers and momentum traders. Carpenter Corporation Sets Fresh Annual High
• Neutral Sentiment: Although Zacks lifted estimates across several periods, the increases are modest (increments of a few cents to a few dollars on multi‑year EPS), so the fundamental change is incremental rather than a sharp earnings revision.
• Negative Sentiment: Senior VP James D. Dee sold 15,800 shares at an average price near $392 (disclosed in an SEC filing), a large-dollar insider sale that can be viewed negatively by some investors despite his remaining sizable holdings. Carpenter Technology SVP James Dee Sells 15,800 Shares

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.