Zacks Research Has Positive Estimate for CRS Q3 Earnings

Carpenter Technology Co. (NYSE:CRS) – Equities research analysts at Zacks Research raised their Q3 2026 earnings per share estimates for shares of Carpenter Technology in a research note issued on Thursday, May 15th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $2.21 for the quarter, up from their prior forecast of $1.90. 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 Q4 2026 earnings at $2.53 EPS, FY2026 earnings at $8.58 EPS, Q1 2027 earnings at $2.36 EPS, Q2 2027 earnings at $2.52 EPS, Q3 2027 earnings at $2.93 EPS and FY2027 earnings at $11.20 EPS.

Several other analysts have also commented on the stock. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Carpenter Technology from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Finally, Northcoast Research upgraded Carpenter Technology from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.00.

Carpenter Technology Trading Up 0.8%

CRS opened at $232.27 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. The company’s 50 day simple moving average is $188.18 and its two-hundred day simple moving average is $187.63. Carpenter Technology has a 1-year low of $95.17 and a 1-year high of $234.52. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.33.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.14. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. The company had revenue of $727.00 million for the quarter, compared to analysts’ expectations of $729.67 million. During the same period in the previous year, the firm posted $1.19 EPS. Carpenter Technology’s revenue was up 6.1% compared to the same quarter last year.

Institutional Investors Weigh In On Carpenter Technology

A number of hedge funds and other institutional investors have recently modified their holdings of CRS. Kestra Investment Management LLC acquired a new position in shares of Carpenter Technology during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of Carpenter Technology during the 1st quarter worth approximately $31,000. IMA Advisory Services Inc. acquired a new position in shares of Carpenter Technology during the 1st quarter worth approximately $36,000. Bessemer Group Inc. raised its position in shares of Carpenter Technology by 50.3% during the 1st quarter. Bessemer Group Inc. now owns 230 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 77 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Carpenter Technology during the 4th quarter worth approximately $44,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director I Martin Inglis sold 3,433 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $197.66, for a total value of $678,566.78. Following the completion of the sale, the director now owns 6,732 shares in the company, valued at $1,330,647.12. This trade represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors 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 dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, April 22nd. Carpenter Technology’s dividend payout ratio is currently 11.33%.

Carpenter Technology declared that its Board of Directors has initiated a stock buyback program on Thursday, April 24th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.