Zacks Research Has Positive Forecast for CRS Q2 Earnings

Carpenter Technology Co. (NYSE:CRS) – Analysts at Zacks Research upped their Q2 2025 earnings per share (EPS) estimates for shares of Carpenter Technology in a note issued to investors on Thursday, November 14th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $1.45 per share for the quarter, up from their previous estimate of $1.26. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.68 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.73 EPS, Q3 2026 earnings at $1.71 EPS and Q4 2026 earnings at $2.00 EPS.

Other research analysts have also recently issued research reports about the stock. BTIG Research upped their target price on shares of Carpenter Technology from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Benchmark reaffirmed a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.60.

Carpenter Technology Stock Up 2.2 %

CRS stock opened at $179.33 on Monday. Carpenter Technology has a one year low of $58.87 and a one year high of $182.52. The firm has a market cap of $8.94 billion, a PE ratio of 39.94, a PEG ratio of 0.88 and a beta of 1.46. The firm’s 50 day moving average price is $159.17 and its 200-day moving average price is $133.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.15. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The company had revenue of $717.60 million for the quarter, compared to analyst estimates of $742.96 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, October 22nd. Carpenter Technology’s dividend payout ratio (DPR) is presently 17.82%.

Hedge Funds Weigh In On Carpenter Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRS. Virtue Capital Management LLC purchased a new stake in shares of Carpenter Technology during the 3rd quarter worth approximately $860,000. Geode Capital Management LLC lifted its position in Carpenter Technology by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company’s stock valued at $175,607,000 after acquiring an additional 17,497 shares during the last quarter. Barclays PLC boosted its stake in Carpenter Technology by 471.1% in the third quarter. Barclays PLC now owns 101,745 shares of the basic materials company’s stock valued at $16,236,000 after acquiring an additional 83,930 shares in the last quarter. Zacks Investment Management boosted its stake in Carpenter Technology by 165.6% in the third quarter. Zacks Investment Management now owns 13,675 shares of the basic materials company’s stock valued at $2,182,000 after acquiring an additional 8,527 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Carpenter Technology by 8,300.2% during the third quarter. National Bank of Canada FI now owns 38,473 shares of the basic materials company’s stock worth $6,140,000 after purchasing an additional 38,015 shares during the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

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.