Zacks Research Analysts Boost Earnings Estimates for CRS

Carpenter Technology Co. (NYSE:CRS) – Equities researchers at Zacks Research lifted their Q1 2026 EPS estimates for Carpenter Technology in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings of $1.75 per share for the quarter, up from their prior forecast 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 also recently commented on CRS. JPMorgan Chase & Co. assumed coverage on shares of Carpenter Technology in a research note on Friday. They issued an “overweight” rating and a $220.00 target price on the stock. BTIG Research boosted their target price 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, Benchmark restated a “buy” rating and issued a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.00.

Carpenter Technology Stock Up 5.7 %

CRS opened at $190.97 on Friday. Carpenter Technology has a fifty-two week low of $58.87 and a fifty-two week high of $192.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.84 and a quick ratio of 2.00. The firm’s fifty day moving average price is $162.86 and its two-hundred day moving average price is $135.60. The company has a market capitalization of $9.52 billion, a P/E ratio of 42.53, a P/E/G ratio of 0.92 and a beta of 1.46.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Carpenter Technology by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,686,022 shares of the basic materials company’s stock valued at $406,096,000 after buying an additional 15,564 shares during the last quarter. FMR LLC raised its holdings in shares of Carpenter Technology by 47.1% in the third quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock valued at $552,992,000 after buying an additional 1,108,963 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Carpenter Technology by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company’s stock valued at $175,607,000 after buying an additional 17,497 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Carpenter Technology by 129.5% in the second quarter. American Century Companies Inc. now owns 849,097 shares of the basic materials company’s stock valued at $93,044,000 after buying an additional 479,047 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Carpenter Technology by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,485 shares of the basic materials company’s stock valued at $122,794,000 after buying an additional 103,559 shares during the last quarter. 92.03% of the stock is owned by institutional investors.

Carpenter Technology Announces Dividend

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