Zacks Research Issues Optimistic Estimate for CRS Earnings

Carpenter Technology Co. (NYSE:CRS) – Zacks Research upped their Q1 2026 EPS estimates for shares of Carpenter Technology in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings per share of $1.75 for the quarter, up from their previous estimate of $1.74. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.61 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2026 earnings at $1.72 EPS, Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $7.12 EPS, Q1 2027 earnings at $2.01 EPS and FY2027 earnings at $8.50 EPS.

Several other equities research analysts have also commented on the company. Benchmark restated a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research report on Friday, October 25th. BTIG Research boosted their price target on shares of Carpenter Technology from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Carpenter Technology in a research note on Friday. They issued an “overweight” rating and a $220.00 price objective on the stock. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.00.

Carpenter Technology Stock Up 5.6 %

Shares of CRS opened at $190.89 on Friday. The stock’s 50-day moving average price is $161.90 and its two-hundred day moving average price is $134.76. The company has a current ratio of 3.84, a quick ratio of 2.00 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $9.51 billion, a PE ratio of 42.51, a PEG ratio of 0.94 and a beta of 1.46. Carpenter Technology has a 12 month low of $58.87 and a 12 month high of $192.34.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.15. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The company had revenue of $717.60 million for the quarter, compared to analyst estimates of $742.96 million. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 10.1% on a year-over-year basis.

Hedge Funds Weigh In On Carpenter Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of CRS. Kimelman & Baird LLC bought a new stake in shares of Carpenter Technology during the 2nd quarter worth $33,000. National Bank of Canada FI purchased a new stake in Carpenter Technology during the second quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its stake in Carpenter Technology by 58.0% during the second quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 178 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Carpenter Technology by 469.2% in the 1st quarter. Covestor Ltd now owns 831 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 685 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Carpenter Technology during the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Tuesday, October 22nd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Carpenter Technology’s dividend payout ratio is currently 17.82%.

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.