Zacks Research Issues Optimistic Outlook for CRS Earnings

Carpenter Technology Co. (NYSE:CRS - Free Report) - Stock analysts at Zacks Research lifted their Q1 2026 earnings per share estimates for shares of Carpenter Technology in a research report issued to clients and investors on Wednesday, January 15th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings of $1.77 per share for the quarter, up from their previous estimate of $1.76. The consensus estimate for Carpenter Technology's current full-year earnings is $6.77 per share. Zacks Research also issued estimates for Carpenter Technology's FY2026 earnings at $7.16 EPS, Q1 2027 earnings at $2.04 EPS and FY2027 earnings at $8.57 EPS.

A number of other analysts have also weighed in on the stock. Benchmark reissued a "buy" rating and issued a $175.00 price target on shares of Carpenter Technology in a report on Friday, October 25th. JPMorgan Chase & Co. began coverage on Carpenter Technology in a research note on Friday, November 22nd. They issued an "overweight" rating and a $220.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.00.

Carpenter Technology Price Performance

CRS traded up $2.85 during midday trading on Thursday, hitting $201.22. The company had a trading volume of 283,276 shares, compared to its average volume of 633,416. Carpenter Technology has a twelve month low of $58.87 and a twelve month high of $202.58. The firm's 50-day simple moving average is $181.63 and its 200-day simple moving average is $155.92. The company has a market capitalization of $10.03 billion, a PE ratio of 44.87, a P/E/G ratio of 0.88 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84.

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

Institutional Investors Weigh In On Carpenter Technology

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Carpenter Technology by 47.1% during the third quarter. FMR LLC now owns 3,465,295 shares of the basic materials company's stock worth $552,992,000 after buying an additional 1,108,963 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in Carpenter Technology during the 2nd quarter worth approximately $73,850,000. Assenagon Asset Management S.A. boosted its stake in Carpenter Technology by 1,538.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 213,391 shares of the basic materials company's stock worth $34,053,000 after acquiring an additional 200,364 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Carpenter Technology during the third quarter valued at approximately $25,262,000. Finally, Renaissance Technologies LLC bought a new stake in Carpenter Technology in the second quarter valued at approximately $13,248,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Carpenter Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, February 28th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. Carpenter Technology's dividend payout ratio (DPR) is currently 17.82%.

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.