What is KeyCorp’s Forecast for CRS FY2027 Earnings?

Carpenter Technology Corporation (NYSE:CRS) – Stock analysts at KeyCorp issued their FY2027 earnings per share (EPS) estimates for shares of Carpenter Technology in a research report issued to clients and investors on Wednesday, November 12th. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $12.65 per share for the year. KeyCorp has a “Overweight” rating and a $380.00 price target on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.83 per share.

CRS has been the topic of several other reports. TD Cowen increased their target price on Carpenter Technology from $305.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Zacks Research downgraded shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Cowen reissued a “buy” rating on shares of Carpenter Technology in a report on Friday. Deutsche Bank Aktiengesellschaft set a $425.00 price target on shares of Carpenter Technology and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Carpenter Technology from $305.00 to $388.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Nine 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 has a consensus rating of “Moderate Buy” and an average target price of $371.14.

Carpenter Technology Price Performance

Shares of CRS stock traded up $7.82 during trading on Friday, hitting $332.53. The company had a trading volume of 331,873 shares, compared to its average volume of 911,712. The firm has a market capitalization of $16.57 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47. Carpenter Technology has a one year low of $138.61 and a one year high of $342.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.37 and a current ratio of 4.44. The stock’s 50-day moving average price is $267.98 and its 200 day moving average price is $255.40.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.30. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The business had revenue of $733.70 million for the quarter, compared to analyst estimates of $741.18 million. During the same period last year, the firm earned $1.73 earnings per share. Carpenter Technology’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Institutional Trading of Carpenter Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. M&T Bank Corp lifted its stake in shares of Carpenter Technology by 3.9% in the first quarter. M&T Bank Corp now owns 1,541 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 58 shares during the period. CWM LLC increased its position in Carpenter Technology by 23.0% during the 1st quarter. CWM LLC now owns 2,130 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 398 shares during the period. Victory Capital Management Inc. raised its holdings in Carpenter Technology by 40.3% during the 1st quarter. Victory Capital Management Inc. now owns 22,408 shares of the basic materials company’s stock worth $4,060,000 after purchasing an additional 6,438 shares during the last quarter. Morse Asset Management Inc raised its holdings in Carpenter Technology by 18.5% during the 1st quarter. Morse Asset Management Inc now owns 802 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 125 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Carpenter Technology by 1,121.7% in the 1st quarter. IFP Advisors Inc now owns 562 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 516 shares during the period. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carpenter Technology

In related news, CEO Tony R. Thene sold 19,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $244.99, for a total transaction of $4,654,810.00. Following the sale, the chief executive officer owned 535,019 shares in the company, valued at $131,074,304.81. The trade was a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven E. Karol sold 3,433 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $245.78, for a total value of $843,762.74. Following the completion of the transaction, the director owned 180,000 shares of the company’s stock, valued at $44,240,400. This represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,124 shares of company stock valued at $6,890,250 in the last 90 days. 2.90% of the stock is owned by corporate insiders.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Tuesday, October 21st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio (DPR) is 9.78%.

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.