What is Zacks Research’s Estimate for CRS FY2027 Earnings?

Carpenter Technology Co. (NYSE:CRS) – Stock analysts at Zacks Research increased their FY2027 earnings estimates for Carpenter Technology in a research report issued on Tuesday, April 22nd. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $9.22 for the year, up from their previous forecast of $9.21. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.83 per share.

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

A number of other equities research analysts have also recently weighed in on CRS. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Northcoast Research upgraded Carpenter Technology from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.17.

Carpenter Technology Price Performance

Shares of CRS opened at $191.75 on Wednesday. The firm’s fifty day simple moving average is $183.33 and its 200-day simple moving average is $181.11. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 0.93 and a beta of 1.28. Carpenter Technology has a twelve month low of $78.20 and a twelve month high of $213.66. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40.

Institutional Trading of Carpenter Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pictet Asset Management Holding SA increased its stake in Carpenter Technology by 14.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,865 shares of the basic materials company’s stock valued at $1,165,000 after purchasing an additional 877 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Carpenter Technology by 91.9% in the 3rd quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock worth $3,364,000 after acquiring an additional 10,094 shares during the last quarter. Manuka Financial LLC acquired a new position in shares of Carpenter Technology in the fourth quarter worth about $368,000. Park Avenue Securities LLC purchased a new stake in shares of Carpenter Technology in the fourth quarter valued at $419,000. Finally, XML Financial LLC lifted its position in shares of Carpenter Technology by 215.3% in the fourth quarter. XML Financial LLC now owns 9,460 shares of the basic materials company’s stock worth $1,605,000 after purchasing an additional 6,460 shares in the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 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 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.