Research Analysts Offer Predictions for CRS Q1 Earnings

Carpenter Technology Corporation (NYSE:CRS) – Zacks Research raised their Q1 2027 earnings per share estimates for Carpenter Technology in a research note issued on Friday, July 17th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $2.83 for the quarter, up from their prior estimate of $2.82. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.58 per share. Zacks Research also issued estimates for Carpenter Technology’s Q2 2027 earnings at $2.85 EPS, Q4 2027 earnings at $3.25 EPS, FY2027 earnings at $12.12 EPS, Q1 2028 earnings at $3.24 EPS, Q2 2028 earnings at $3.36 EPS, Q4 2028 earnings at $4.00 EPS and FY2028 earnings at $14.49 EPS.

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

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. TD Cowen upped their price target on Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on Carpenter Technology from $470.00 to $705.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. BTIG Research lifted their price objective on shares of Carpenter Technology from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $500.00 target price on shares of Carpenter Technology in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $556.75.

Carpenter Technology Trading Down 0.2%

NYSE:CRS opened at $556.52 on Monday. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $525.05 and its two-hundred day moving average is $431.15. Carpenter Technology has a 52 week low of $228.00 and a 52 week high of $625.98. The company has a market cap of $27.65 billion, a PE ratio of 58.58, a P/E/G ratio of 1.57 and a beta of 1.22.

Insider Transactions at Carpenter Technology

In other Carpenter Technology news, Director Anastasios John Hart sold 750 shares of Carpenter Technology stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the transaction, the director directly owned 750 shares in the company, valued at $317,895. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Marshall D. Akins sold 11,815 shares of Carpenter Technology stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total value of $5,214,668.40. Following the completion of the transaction, the vice president owned 18,344 shares of the company’s stock, valued at approximately $8,096,307.84. The trade was a 39.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Carpenter Technology

Several hedge funds have recently made changes to their positions in CRS. Family Wealth Partners LLC acquired a new position in Carpenter Technology during the 2nd quarter valued at approximately $302,000. Handelsbanken Fonder AB increased its position in Carpenter Technology by 21.4% in the second quarter. Handelsbanken Fonder AB now owns 17,240 shares of the basic materials company’s stock worth $10,634,000 after buying an additional 3,040 shares during the period. Fulton Bank N.A. acquired a new stake in Carpenter Technology in the second quarter worth $332,000. Wealthcare Advisory Partners LLC lifted its stake in Carpenter Technology by 1.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,148 shares of the basic materials company’s stock valued at $708,000 after buying an additional 19 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Carpenter Technology by 30.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,008 shares of the basic materials company’s stock valued at $3,089,000 after buying an additional 1,173 shares during the last quarter. 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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.