Zacks Research Issues Optimistic Forecast for CRS Earnings

Carpenter Technology Corporation (NYSE:CRS) – Stock analysts at Zacks Research upped their Q1 2027 earnings per share estimates for shares of Carpenter Technology in a report issued on Thursday, August 20th. Zacks Research analyst Team now expects that the basic materials company will earn $2.89 per share for the quarter, up from their previous forecast of $2.83. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $12.92 per share. Zacks Research also issued estimates for Carpenter Technology’s Q2 2027 earnings at $2.96 EPS, Q3 2027 earnings at $3.33 EPS, Q4 2027 earnings at $3.57 EPS, FY2027 earnings at $12.75 EPS, Q1 2028 earnings at $3.36 EPS, Q2 2028 earnings at $3.52 EPS, Q3 2028 earnings at $3.97 EPS, Q4 2028 earnings at $4.14 EPS and FY2028 earnings at $14.99 EPS.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company lifted their target price on Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. KeyCorp cut their price target on shares of Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $500.00 price target on shares of Carpenter Technology in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Susquehanna dropped their price objective on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $577.25.

Carpenter Technology Stock Down 4.0%

Shares of CRS stock opened at $489.66 on Friday. The stock’s 50-day simple moving average is $568.19 and its 200-day simple moving average is $468.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. The firm has a market capitalization of $24.27 billion, a PE ratio of 46.55, a P/E/G ratio of 1.85 and a beta of 1.25. Carpenter Technology has a fifty-two week low of $228.00 and a fifty-two week high of $625.98.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.14. The company had revenue of $679.70 million during the quarter, compared to analysts’ expectations of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 EPS.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, August 25th. Carpenter Technology’s dividend payout ratio (DPR) is currently 7.60%.

Institutional Investors Weigh In On Carpenter Technology

Hedge funds have recently bought and sold shares of the stock. Aubrey Capital Management Ltd purchased a new position in shares of Carpenter Technology during the 2nd quarter valued at approximately $2,071,000. Legacy Financial Advisors Inc. boosted its holdings in Carpenter Technology by 18.4% during the second quarter. Legacy Financial Advisors Inc. now owns 619 shares of the basic materials company’s stock worth $382,000 after buying an additional 96 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Carpenter Technology during the second quarter valued at $924,000. Headlands Technologies LLC acquired a new stake in Carpenter Technology during the second quarter valued at $1,473,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Carpenter Technology in the second quarter valued at $2,448,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Key Stories Impacting Carpenter Technology

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research increased its FY2027 EPS forecast to $12.75 from $12.12 and its FY2028 forecast to $14.99 from $14.49. The firm also raised estimates for multiple quarters, including Q2–Q4 FY2027 and every reported quarter in FY2028. Carpenter Technology analyst estimates
• Positive Sentiment: The largest quarterly revision was for Q4 FY2027, with projected EPS increasing to $3.57 from $3.25. Estimates were also lifted for Q1 FY2027 to $2.89, Q2 to $2.96, Q3 to $3.33, and FY2028 quarters to $3.36–$4.14. Carpenter Technology earnings estimates
• Positive Sentiment: Zacks Research maintained a “Strong-Buy” rating, reinforcing the favorable outlook. The updated estimates imply continued earnings growth from the current full-year consensus of $12.92 per share. Zacks Research rating for Carpenter Technology
• Neutral Sentiment: CRS shares opened at $489.66, below their 50-day moving average of $568.19 but above their 200-day average of $468.44. With a price-to-earnings ratio of 46.55, the stock’s valuation leaves it sensitive to any future earnings disappointment despite the improved forecasts.

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.