Q2 EPS Forecast for Carpenter Technology Raised by Analyst

Carpenter Technology Co. (NYSE:CRS - Free Report) - Analysts at Zacks Research lifted their Q2 2025 earnings per share estimates for Carpenter Technology in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings of $1.45 per share for the quarter, up from their prior estimate of $1.26. The consensus estimate for Carpenter Technology's current full-year earnings is $6.68 per share. Zacks Research also issued estimates for Carpenter Technology's Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.73 EPS, Q3 2026 earnings at $1.71 EPS and Q4 2026 earnings at $2.00 EPS.

Several other analysts have also recently commented on CRS. BTIG Research increased their target price on Carpenter Technology from $120.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. Benchmark reissued a "buy" rating and set a $175.00 price objective on shares of Carpenter Technology in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.60.

Carpenter Technology Price Performance

NYSE CRS traded up $3.83 during trading hours on Monday, reaching $179.33. 639,832 shares of the company's stock were exchanged, compared to its average volume of 591,012. The firm has a fifty day moving average of $159.17 and a 200-day moving average of $133.54. The company has a current ratio of 3.84, a quick ratio of 2.00 and a debt-to-equity ratio of 0.42. Carpenter Technology has a one year low of $58.87 and a one year high of $182.52. The stock has a market cap of $8.94 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.46.

Carpenter Technology (NYSE:CRS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 earnings per share for the quarter, topping 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 firm had revenue of $717.60 million for the quarter, compared to analysts' expectations of $742.96 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The company's quarterly revenue was up 10.1% compared to the same quarter last year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, October 22nd. Carpenter Technology's dividend payout ratio (DPR) is presently 17.82%.

Institutional Trading of Carpenter Technology

Several institutional investors and hedge funds have recently made changes to their positions in CRS. Virtue Capital Management LLC bought a new position in shares of Carpenter Technology during the third quarter worth $860,000. Geode Capital Management LLC lifted its holdings in Carpenter Technology by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company's stock worth $175,607,000 after acquiring an additional 17,497 shares in the last quarter. Barclays PLC grew its stake in Carpenter Technology by 471.1% in the third quarter. Barclays PLC now owns 101,745 shares of the basic materials company's stock valued at $16,236,000 after acquiring an additional 83,930 shares during the period. Zacks Investment Management grew its stake in Carpenter Technology by 165.6% in the third quarter. Zacks Investment Management now owns 13,675 shares of the basic materials company's stock valued at $2,182,000 after acquiring an additional 8,527 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Carpenter Technology by 8,300.2% in the third quarter. National Bank of Canada FI now owns 38,473 shares of the basic materials company's stock worth $6,140,000 after acquiring an additional 38,015 shares in the last quarter. Institutional investors own 92.03% of the company's stock.

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.