Q2 Earnings Estimate for CRS Issued By KeyCorp

Carpenter Technology Corporation (NYSE:CRS) – Research analysts at KeyCorp issued their Q2 2026 EPS estimates for shares of Carpenter Technology in a research note issued to investors on Wednesday, November 12th. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $2.25 for the quarter. KeyCorp has a “Overweight” rating and a $380.00 price objective on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.83 per share. KeyCorp also issued estimates for Carpenter Technology’s Q3 2026 earnings at $2.60 EPS and FY2026 earnings at $10.30 EPS.

A number of other analysts have also commented on the company. Jones Trading initiated coverage on Carpenter Technology in a report on Wednesday, October 22nd. They issued a “buy” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $425.00 price objective on Carpenter Technology and gave the company a “buy” rating in a research report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Carpenter Technology in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Carpenter Technology from $305.00 to $388.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Zacks Research lowered shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carpenter Technology currently has an average rating of “Moderate Buy” and an average price target of $371.14.

Carpenter Technology Price Performance

Shares of NYSE CRS opened at $323.52 on Monday. The firm has a market cap of $16.12 billion, a P/E ratio of 39.55, a PEG ratio of 1.41 and a beta of 1.47. Carpenter Technology has a twelve month low of $138.61 and a twelve month high of $342.11. The company has a quick ratio of 2.37, a current ratio of 4.44 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $272.81 and a 200 day moving average of $258.85.

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

Carpenter Technology Dividend Announcement

The firm 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 $0.20 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio (DPR) is presently 9.78%.

Insider Transactions at Carpenter Technology

In other Carpenter Technology news, Director Steven E. Karol sold 3,433 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $245.78, for a total transaction of $843,762.74. Following the completion of the sale, the director directly owned 180,000 shares of the company’s stock, valued at approximately $44,240,400. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Carpenter Technology

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC raised its holdings in Carpenter Technology by 436.7% in the 3rd quarter. Advisory Services Network LLC now owns 4,777 shares of the basic materials company’s stock worth $1,173,000 after purchasing an additional 3,887 shares during the period. Dorsey Wright & Associates purchased a new stake in Carpenter Technology in the third quarter worth about $9,280,000. Hancock Whitney Corp increased its position in Carpenter Technology by 46.9% in the third quarter. Hancock Whitney Corp now owns 10,958 shares of the basic materials company’s stock worth $2,691,000 after buying an additional 3,499 shares in the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of Carpenter Technology by 1.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 9,095 shares of the basic materials company’s stock worth $2,233,000 after buying an additional 105 shares during the period. Finally, Harvest Investment Services LLC lifted its position in shares of Carpenter Technology by 1.9% during the 3rd quarter. Harvest Investment Services LLC now owns 9,149 shares of the basic materials company’s stock valued at $2,246,000 after buying an additional 167 shares in the last quarter. Institutional investors own 92.03% of the company’s stock.

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.