Carpenter Technology Co. (NYSE:CRS - Free Report) - Equities research analysts at Zacks Research increased their Q1 2026 earnings per share estimates for shares of Carpenter Technology in a note issued to investors on Friday, April 4th. Zacks Research analyst S. Deb now expects that the basic materials company will earn $1.90 per share for the quarter, up from their prior estimate of $1.89. 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 Q2 2026 earnings at $1.82 EPS, Q3 2026 earnings at $1.91 EPS, Q4 2026 earnings at $2.21 EPS, FY2026 earnings at $7.84 EPS, Q1 2027 earnings at $2.16 EPS, Q2 2027 earnings at $2.11 EPS and FY2027 earnings at $9.20 EPS.
A number of other research analysts have also recently issued reports on the stock. Northcoast Research raised shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, BTIG Research set a $230.00 price objective on Carpenter Technology in a report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Carpenter Technology currently has an average rating of "Moderate Buy" and an average target price of $167.17.
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Carpenter Technology Price Performance
Shares of CRS traded up $2.96 during trading hours on Monday, reaching $170.72. The company had a trading volume of 541,256 shares, compared to its average volume of 735,028. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. Carpenter Technology has a 12-month low of $74.21 and a 12-month high of $213.66. The firm has a 50 day simple moving average of $185.49 and a 200-day simple moving average of $180.34. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 0.93 and a beta of 1.28.
Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%.
Carpenter Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Tuesday, April 22nd. Carpenter Technology's dividend payout ratio (DPR) is presently 15.09%.
Hedge Funds Weigh In On Carpenter Technology
A number of institutional investors have recently made changes to their positions in CRS. Kestra Investment Management LLC acquired a new stake in shares of Carpenter Technology during the fourth quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of Carpenter Technology during the 4th quarter worth about $44,000. CIBC Private Wealth Group LLC grew its holdings in shares of Carpenter Technology by 109.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 243 shares of the basic materials company's stock worth $45,000 after buying an additional 127 shares in the last quarter. UMB Bank n.a. raised its position in shares of Carpenter Technology by 169.0% in the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock valued at $52,000 after buying an additional 191 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Carpenter Technology by 27.3% in the first quarter. Versant Capital Management Inc now owns 359 shares of the basic materials company's stock valued at $65,000 after buying an additional 77 shares during the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.
About Carpenter Technology
(
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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.
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