Zacks Research Analysts Boost Earnings Estimates for CRS

Carpenter Technology Co. (NYSE:CRS) – Research analysts at Zacks Research raised their Q3 2026 earnings estimates for Carpenter Technology in a research note issued to investors on Thursday, May 15th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $2.21 for the quarter, up from their prior forecast of $1.90. 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 $2.53 EPS, FY2026 earnings at $8.58 EPS, Q1 2027 earnings at $2.36 EPS, Q2 2027 earnings at $2.52 EPS, Q3 2027 earnings at $2.93 EPS and FY2027 earnings at $11.20 EPS.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.14. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. The firm had revenue of $727.00 million for the quarter, compared to the consensus estimate of $729.67 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on CRS. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a report on Friday, January 31st. Northcoast Research raised shares of Carpenter Technology from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Carpenter Technology from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.00.

Carpenter Technology Trading Down 0.5%

Shares of Carpenter Technology stock opened at $234.42 on Monday. Carpenter Technology has a 12-month low of $95.17 and a 12-month high of $236.59. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 0.93 and a beta of 1.33. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $190.42 and its 200-day moving average price is $188.51.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.34%. The ex-dividend date is Tuesday, April 22nd. Carpenter Technology’s dividend payout ratio (DPR) is currently 11.33%.

Carpenter Technology declared that its board has authorized a share buyback program on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director I Martin Inglis sold 3,433 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $197.66, for a total transaction of $678,566.78. Following the completion of the transaction, the director now directly owns 6,732 shares in the company, valued at approximately $1,330,647.12. The trade was a 33.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Carpenter Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new position in shares of Carpenter Technology during the 4th quarter worth $25,000. Rise Advisors LLC purchased a new position in Carpenter Technology during the first quarter valued at approximately $31,000. IMA Advisory Services Inc. acquired a new stake in Carpenter Technology in the first quarter valued at approximately $36,000. Bessemer Group Inc. grew its holdings in Carpenter Technology by 50.3% in the first quarter. Bessemer Group Inc. now owns 230 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 77 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of Carpenter Technology in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

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.