Zacks Research Issues Optimistic Forecast for CRS Earnings

Carpenter Technology Co. (NYSE:CRS) – Zacks Research increased their FY2026 earnings per share estimates for Carpenter Technology in a research report issued to clients and investors on Monday, April 21st. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings of $7.85 per share for the year, up from their previous estimate of $7.84. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2027 earnings at $2.25 EPS and FY2027 earnings at $9.21 EPS.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%.

Several other research firms also recently commented on CRS. Northcoast Research upgraded Carpenter Technology from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. BTIG Research set a $230.00 target price on shares of Carpenter Technology in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.17.

Carpenter Technology Stock Down 1.5 %

CRS stock opened at $167.74 on Tuesday. The stock has a 50-day simple moving average of $183.39 and a two-hundred day simple moving average of $181.06. Carpenter Technology has a twelve month low of $75.73 and a twelve month high of $213.66. The firm has a market capitalization of $8.38 billion, a PE ratio of 31.65, a PEG ratio of 0.93 and a beta of 1.28. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Carpenter Technology

Several institutional investors have recently made changes to their positions in CRS. Morse Asset Management Inc purchased a new position in shares of Carpenter Technology during the 3rd quarter worth $84,000. Barclays PLC boosted its position in shares of Carpenter Technology by 471.1% during the third quarter. Barclays PLC now owns 101,745 shares of the basic materials company’s stock valued at $16,236,000 after buying an additional 83,930 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Carpenter Technology in the third quarter valued at approximately $80,000. Tidal Investments LLC increased its position in Carpenter Technology by 91.9% during the 3rd quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock valued at $3,364,000 after purchasing an additional 10,094 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Carpenter Technology by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 368,077 shares of the basic materials company’s stock worth $57,891,000 after acquiring an additional 32,442 shares in the last quarter. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Carpenter Technology’s dividend payout ratio is currently 15.09%.

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.