Zacks Research Issues Optimistic Outlook for CRS Earnings

Carpenter Technology Corporation (NYSE:CRS) – Stock analysts at Zacks Research boosted their Q3 2026 EPS estimates for Carpenter Technology in a research report issued on Thursday, February 19th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $2.55 for the quarter, up from their previous forecast 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 research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $425.00 price target on shares of Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Carpenter Technology from $388.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. BTIG Research increased 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. Finally, TD Cowen restated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carpenter Technology presently has an average rating of “Moderate Buy” and a consensus price target of $373.43.

Carpenter Technology Stock Up 3.5%

CRS opened at $385.27 on Friday. Carpenter Technology has a one year low of $138.61 and a one year high of $390.70. 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’s fifty day moving average is $337.98 and its 200-day moving average is $295.11. The company has a market capitalization of $19.19 billion, a PE ratio of 44.75, a P/E/G ratio of 1.47 and a beta of 1.30.

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

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is currently 9.29%.

Insider Activity at Carpenter Technology

In other news, COO Brian J. Malloy sold 4,130 shares of the stock in a transaction 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 owned 78,875 shares in the company, valued at $23,940,140. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $1,252,875.00. Following the completion of the sale, the vice president directly owned 9,594 shares of the company’s stock, valued at approximately $3,082,072.50. This trade represents a 28.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 79,358 shares of company stock valued at $24,254,008. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new position in Carpenter Technology during the 2nd quarter valued at about $28,000. Armstrong Advisory Group Inc. boosted its holdings 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 during the period. Root Financial Partners LLC acquired a new stake in shares of Carpenter Technology during the third quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB grew its position in Carpenter Technology by 54.1% during 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 in the last quarter. Finally, Spire Wealth Management increased its stake in Carpenter Technology by 164.7% in the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after buying an additional 84 shares during the period. 92.03% of the stock is 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.