Zacks Research Has Optimistic Outlook of CRS Q4 Earnings

Carpenter Technology Corporation (NYSE:CRS) – Analysts at Zacks Research boosted their Q4 2026 EPS estimates for Carpenter Technology in a note issued to investors on Friday, June 26th. Zacks Research analyst Team now anticipates that the basic materials company will earn $2.94 per share for the quarter, up from their prior estimate of $2.93. 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 Q1 2027 earnings at $2.82 EPS, Q2 2027 earnings at $2.84 EPS, Q3 2027 earnings at $3.19 EPS, Q4 2027 earnings at $3.24 EPS, FY2027 earnings at $12.09 EPS, Q1 2028 earnings at $3.23 EPS, Q2 2028 earnings at $3.35 EPS, Q3 2028 earnings at $3.89 EPS and FY2028 earnings at $14.46 EPS.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) for the quarter, topping 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 company had revenue of $655.60 million for the quarter, compared to analysts’ expectations of $797.00 million. During the same period last year, the firm earned $1.88 earnings per share. Carpenter Technology’s quarterly revenue was up 11.6% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Susquehanna lifted their price objective on Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. BTIG Research raised their price target on Carpenter Technology from $375.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. KeyCorp lifted their price target 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 downgraded shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Finally, TD Cowen upped their price objective on shares of Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.62.

Carpenter Technology Trading Down 0.1%

CRS opened at $591.27 on Monday. Carpenter Technology has a one year low of $228.00 and a one year high of $605.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The business has a 50 day simple moving average of $478.82 and a two-hundred day simple moving average of $403.18. The firm has a market capitalization of $29.38 billion, a price-to-earnings ratio of 62.24, a PEG ratio of 2.04 and a beta of 1.25.

Carpenter Technology Dividend Announcement

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

Insider Buying and Selling

In other news, Director Anastasios John Hart sold 750 shares of the business’s 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 sale, the director directly owned 750 shares of the company’s stock, valued at $317,895. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total value of $5,214,668.40. Following the completion of the sale, the vice president owned 18,344 shares in the company, valued at $8,096,307.84. The trade was a 39.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Carpenter Technology

Several hedge funds have recently added to or reduced their stakes in CRS. State Street Corp grew its stake in shares of Carpenter Technology by 10.1% in the third quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock worth $514,687,000 after acquiring an additional 192,533 shares during the last quarter. Invesco Ltd. raised its position in shares of Carpenter Technology by 18.8% in the 4th quarter. Invesco Ltd. now owns 2,071,657 shares of the basic materials company’s stock worth $652,241,000 after purchasing an additional 327,302 shares during the last quarter. Egerton Capital UK LLP boosted its stake in Carpenter Technology by 13.0% in the 4th quarter. Egerton Capital UK LLP now owns 1,553,012 shares of the basic materials company’s stock worth $488,950,000 after purchasing an additional 178,679 shares in the last quarter. SurgoCap Partners LP boosted its stake in Carpenter Technology by 29.5% in the 3rd quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock worth $294,377,000 after purchasing an additional 272,896 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Carpenter Technology by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 975,960 shares of the basic materials company’s stock worth $307,333,000 after purchasing an additional 78,588 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks Research raised its earnings outlook for several upcoming quarters and fiscal years, including FY2027 EPS to $12.09 and FY2028 EPS to $14.46, suggesting stronger longer-term profitability for Carpenter Technology. Carpenter Technology analyst estimate updates
• Neutral Sentiment: The revisions were incremental, with many quarterly EPS estimates lifted by only a penny, so the news is supportive but not a major surprise. Carpenter Technology analyst estimate updates
• Neutral Sentiment: Carpenter Technology recently beat quarterly EPS expectations, though revenue came in below consensus, leaving investors focused on whether margin strength can continue. Carpenter Technology earnings results

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.