Q3 EPS Forecast for Carpenter Technology Lifted by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Analysts at Zacks Research raised their Q3 2027 EPS estimates for Carpenter Technology in a research report issued on Thursday, November 13th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $3.05 per share for the quarter, up from their previous forecast of $3.02. Zacks Research currently has a “Hold” rating on the stock. 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 FY2027 earnings at $11.72 EPS.

A number of other analysts also recently weighed in on CRS. Deutsche Bank Aktiengesellschaft set a $425.00 price target on Carpenter Technology and gave the company a “buy” rating in a research note on Friday, October 24th. Cowen reissued a “buy” rating on shares of Carpenter Technology in a report on Friday. KeyCorp upgraded shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 target price on the stock in a research report on Thursday, November 13th. TD Cowen increased their price target on shares of Carpenter Technology from $305.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Carpenter Technology from $305.00 to $388.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.14.

Carpenter Technology Stock Performance

NYSE CRS opened at $331.78 on Monday. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.41 and a beta of 1.47. The business’s 50 day moving average is $271.24 and its two-hundred day moving average is $258.07. Carpenter Technology has a 12-month low of $138.61 and a 12-month high of $342.11. The company has a current ratio of 4.44, a quick ratio of 2.37 and a debt-to-equity ratio of 0.36.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.30. The firm had revenue of $733.70 million during the quarter, compared to analysts’ expectations of $741.18 million. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share.

Institutional Investors Weigh In On Carpenter Technology

A number of large investors have recently added to or reduced their stakes in CRS. Geneos Wealth Management Inc. purchased a new position in Carpenter Technology during the 2nd quarter valued at about $28,000. Rise Advisors LLC acquired a new stake in shares of Carpenter Technology in the first quarter valued at approximately $31,000. IMA Advisory Services Inc. purchased a new position in shares of Carpenter Technology during the 1st quarter worth approximately $36,000. Root Financial Partners LLC purchased a new position in shares of Carpenter Technology during the 3rd quarter worth approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Carpenter Technology by 54.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 171 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 60 shares during the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carpenter Technology

In other news, Director Steven E. Karol sold 3,433 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $245.78, for a total value of $843,762.74. Following the completion of the transaction, the director owned 180,000 shares in the company, valued at $44,240,400. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Tuesday, October 21st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s dividend payout ratio is 9.78%.

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.