Zacks Research Brokers Increase Earnings Estimates for CRS

Carpenter Technology Corporation (NYSE:CRS) – Research analysts at Zacks Research increased their Q4 2026 earnings estimates for shares of Carpenter Technology in a research note issued to investors on Friday, May 29th. Zacks Research analyst Team now expects that the basic materials company will earn $2.90 per share for the quarter, up from their previous forecast of $2.89. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.54 per share. Zacks Research also issued estimates for Carpenter Technology’s Q1 2027 earnings at $2.79 EPS, Q2 2027 earnings at $2.82 EPS, Q3 2027 earnings at $3.16 EPS, FY2027 earnings at $11.99 EPS, Q1 2028 earnings at $3.21 EPS, Q2 2028 earnings at $3.33 EPS, Q3 2028 earnings at $3.85 EPS and FY2028 earnings at $14.34 EPS.

Several other research firms also recently commented on CRS. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $500.00 price target on shares of Carpenter Technology in a research report on Thursday, April 30th. Wells Fargo & Company upped their price target on shares of Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. BTIG Research upped their price target on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Susquehanna upped their price target on shares of Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Carpenter Technology Stock Down 0.2%

CRS stock opened at $468.27 on Monday. The company has a fifty day moving average price of $421.15 and a 200 day moving average price of $371.08. Carpenter Technology has a 12 month low of $228.00 and a 12 month high of $475.69. The company has a market cap of $23.27 billion, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The firm had revenue of $655.60 million during the quarter, compared to the consensus estimate of $797.00 million. During the same quarter in the prior year, the firm earned $1.88 EPS. Carpenter Technology’s revenue for the quarter was up 11.6% on a year-over-year basis.

Hedge Funds Weigh In On Carpenter Technology

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Carpenter Technology during the 2nd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Carpenter Technology during the 1st quarter worth $30,000. SJS Investment Consulting Inc. grew its stake in shares of Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of Carpenter Technology by 57.3% during the 4th 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. Finally, Spire Wealth Management grew its stake in shares of Carpenter Technology by 164.7% during the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insiders Place Their Bets

In other Carpenter Technology news, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the completion of the transaction, the vice president owned 18,344 shares in the company, valued at approximately $8,096,307.84. This represents a 39.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $423.86, for a total transaction of $317,895.00. Following the transaction, the director owned 750 shares of the company’s stock, valued at approximately $317,895. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by corporate insiders.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. Carpenter Technology’s dividend payout ratio is presently 8.42%.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research raised EPS estimates for multiple future periods, including Q4 2026, Q1 2027, Q2 2027, Q3 2027, FY2027, Q1 2028, Q2 2028, Q3 2028, and FY2028, signaling confidence in Carpenter Technology’s earnings trajectory.
• Positive Sentiment: The higher FY2027 and FY2028 projections suggest the market may be looking past near-term results and focusing on durable long-term profit growth.
• Neutral Sentiment: A separate valuation-focused article highlights that shares have had strong multi-period gains, which may lead some investors to pause and reassess whether the stock is getting expensive after its run-up. A Look At Carpenter Technology (CRS) Valuation After Strong Multi Period Share Price Gains

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.