Q3 EPS Forecast for Carpenter Technology Cut by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Equities research analysts at Zacks Research cut their Q3 2027 earnings estimates for Carpenter Technology in a report released on Thursday, February 19th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $3.01 for the quarter, down from their previous forecast of $3.06. 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 2027 earnings at $3.34 EPS and Q2 2028 earnings at $3.20 EPS.

Several other equities analysts have also issued reports on the company. Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. KeyCorp raised shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. BTIG Research lifted their price target on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.43.

Carpenter Technology Trading Up 1.6%

CRS opened at $389.98 on Monday. The company has a current ratio of 4.25, a quick ratio of 2.26 and a debt-to-equity ratio of 0.35. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 45.29, a PEG ratio of 1.53 and a beta of 1.30. Carpenter Technology has a 12 month low of $138.61 and a 12 month high of $397.72. The stock has a fifty day moving average price of $339.35 and a 200-day moving average price of $296.62.

Carpenter Technology (NYSE:CRS) last posted 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 company had revenue of $728.00 million during the quarter, compared to analyst estimates of $733.76 million. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.Carpenter Technology’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. 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 currently 9.29%.

Insider Buying and Selling at Carpenter Technology

In other news, COO Brian J. Malloy sold 4,130 shares of Carpenter Technology stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the completion of the sale, the chief operating officer directly owned 78,875 shares in the company, valued at approximately $23,940,140. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Elizabeth A. Socci sold 3,900 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total value of $1,252,875.00. Following the completion of the transaction, the vice president directly owned 9,594 shares in the company, valued at approximately $3,082,072.50. The trade was a 28.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,358 shares of company stock valued at $24,254,008 over the last quarter. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Woodline Partners LP purchased a new position in shares of Carpenter Technology in the first quarter worth about $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Carpenter Technology by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock valued at $18,985,000 after buying an additional 1,701 shares during the last quarter. Focus Partners Wealth increased its holdings in Carpenter Technology by 7.3% in the 1st quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after buying an additional 314 shares during the period. Ethic Inc. acquired a new position in Carpenter Technology in the 2nd quarter worth approximately $592,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Carpenter Technology during the 2nd quarter worth approximately $228,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Carpenter reported strong Q2 2026 results with specialty‑alloys growth cited as the primary driver of revenue and margin expansion — this operational beat is the immediate catalyst for bullish sentiment. Carpenter Technology (CRS) Reports Strong Q2 2026 Earnings
• Positive Sentiment: Zacks Research raised multiple EPS forecasts for Carpenter across quarters and fiscal years — notable moves include FY2026 to $10.20 (from $9.82) and FY2028 to $14.08 — implying analysts expect stronger profitability and supporting higher forward multiples. Zacks upgrades / estimates (MarketBeat summary)
• Neutral Sentiment: Valuation and positioning: CRS is trading near its 12‑month high with a high P/E (~45) and a PEG ~1.47, which means further gains will depend on continued earnings delivery and multiple expansion staying intact. Carpenter stock profile and valuation

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.