Zacks Research Has Optimistic Outlook of CRS FY2026 Earnings

Carpenter Technology Corporation (NYSE:CRS) – Equities researchers at Zacks Research lifted their FY2026 earnings estimates for Carpenter Technology in a research report issued on Friday, June 12th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $10.46 per share for the year, up from their prior estimate of $10.44. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.56 per share. Zacks Research also issued estimates for Carpenter Technology’s Q4 2026 earnings at $2.93 EPS, Q1 2027 earnings at $2.81 EPS, Q3 2027 earnings at $3.18 EPS, Q4 2027 earnings at $3.23 EPS, FY2027 earnings at $12.05 EPS, Q1 2028 earnings at $3.22 EPS, Q2 2028 earnings at $3.34 EPS, Q3 2028 earnings at $3.87 EPS and FY2028 earnings at $14.42 EPS.

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

A number of other research analysts have also recently weighed in on the stock. KeyCorp lifted their price objective on shares of Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. BTIG Research lifted their price objective on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna boosted their target price on shares of Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Carpenter Technology currently has a consensus rating of “Moderate Buy” and an average target price of $458.63.

Carpenter Technology Stock Down 0.2%

CRS opened at $560.25 on Monday. Carpenter Technology has a fifty-two week low of $228.00 and a fifty-two week high of $574.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.08 and a current ratio of 3.73. The company has a fifty day moving average of $446.24 and a two-hundred day moving average of $384.39. The stock has a market capitalization of $27.84 billion, a price-to-earnings ratio of 58.97, a PEG ratio of 1.93 and a beta of 1.25.

Institutional Trading of Carpenter Technology

Large investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in Carpenter Technology during the 1st quarter valued at about $30,000. SJS Investment Consulting Inc. grew its stake in Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 36 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Carpenter Technology during the 2nd quarter valued at about $28,000. Armstrong Advisory Group Inc. grew its stake in Carpenter Technology by 57.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Carpenter Technology during the 1st quarter valued at about $52,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insider Activity

In related news, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction dated 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 sale, the vice president owned 18,344 shares of the company’s stock, valued at approximately $8,096,307.84. This represents a 39.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $423.86, for a total transaction of $317,895.00. Following the sale, the director directly owned 750 shares of the company’s stock, valued at approximately $317,895. This represents 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, April 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, April 28th. Carpenter Technology’s dividend payout ratio is currently 8.42%.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks Research lifted its earnings outlook for Carpenter Technology across several periods, including FY2026, FY2027, and FY2028, which suggests analysts see durable earnings growth ahead.
• Positive Sentiment: The firm’s latest note also nudged up near-term quarterly EPS estimates, reinforcing the view that Carpenter Technology’s pricing power and contract wins are supporting profitability. Carpenter Technology Contract Wins Lift Pricing Power But Stretch Valuation
• Neutral Sentiment: The estimate changes were incremental rather than dramatic, so they are more of a confirmation of existing strength than a major new catalyst.
• Negative Sentiment: The stock is already trading near its 52-week high and at a relatively rich valuation, which may limit upside if investors decide the good news is already priced in.

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.