What is Zacks Research’s Forecast for CRS FY2026 Earnings?

Carpenter Technology Corporation (NYSE:CRS) – Equities researchers at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for Carpenter Technology in a research report issued on Wednesday, December 17th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $9.82 per share for the year, up from their previous forecast of $9.81. Zacks Research 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 Q4 2026 earnings at $2.80 EPS, Q1 2027 earnings at $2.61 EPS, Q3 2027 earnings at $3.06 EPS, Q4 2027 earnings at $3.44 EPS, FY2027 earnings at $11.76 EPS, Q1 2028 earnings at $3.03 EPS and FY2028 earnings at $13.92 EPS.

Several other equities research analysts have also issued reports on CRS. BTIG Research lifted their target price on shares of Carpenter Technology from $305.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research note on Thursday, October 30th. TD Cowen raised their price target on Carpenter Technology from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $425.00 price objective on Carpenter Technology and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Jones Trading started coverage on Carpenter Technology in a research report on Wednesday, October 22nd. They set a “buy” rating and a $400.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.14.

Carpenter Technology Stock Up 1.8%

CRS stock opened at $327.26 on Friday. The company’s 50 day moving average is $305.16 and its 200 day moving average is $272.61. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. 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 has a 1-year low of $138.61 and a 1-year high of $342.11.

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

Carpenter Technology Announces Dividend

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

Insider Activity

In other Carpenter Technology news, VP Elizabeth A. Socci sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total value of $1,252,875.00. Following the completion of the sale, the vice president owned 9,594 shares in the company, valued at approximately $3,082,072.50. The trade was a 28.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brian J. Malloy sold 4,130 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total value of $1,253,537.60. Following the sale, the chief operating officer directly owned 78,875 shares of the company’s stock, valued at approximately $23,940,140. This trade represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,358 shares of company stock valued at $24,254,008 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carpenter Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its holdings in Carpenter Technology by 43.3% during the second quarter. Prudential Financial Inc. now owns 56,082 shares of the basic materials company’s stock valued at $15,500,000 after buying an additional 16,954 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Carpenter Technology by 11.1% during the 2nd quarter. Schroder Investment Management Group now owns 57,625 shares of the basic materials company’s stock valued at $15,926,000 after acquiring an additional 5,757 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Carpenter Technology during the 2nd quarter valued at $1,460,000. Hancock Whitney Corp purchased a new stake in shares of Carpenter Technology in the 1st quarter worth $819,000. Finally, Graham Capital Management L.P. raised its holdings in Carpenter Technology by 175.8% in the 1st quarter. Graham Capital Management L.P. now owns 3,643 shares of the basic materials company’s stock worth $660,000 after purchasing an additional 2,322 shares during the period. 92.03% of the stock is currently owned by institutional investors.

Key Carpenter Technology News

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research raised multiple near‑ and longer‑term EPS forecasts for CRS (small bumps to Q4‑2026, Q1/Q3/Q4‑2027 and FY‑2026/2027/2028, including FY‑2028 to $13.92). The upward revisions — though modest — signal analysts see slightly stronger earnings momentum, which is a likely catalyst supporting the stock move today.
• Neutral Sentiment: Zacks kept a “Hold” rating on CRS despite the estimate increases, so while revisions are supportive, the firm is not yet turning bullish; the magnitude of the changes is small and may limit sustained upside absent company-level catalysts.
• Neutral Sentiment: A consumer/retail piece showing how a $1,000 investment in Carpenter performed over the past 10 years could attract additional investor interest and flows, particularly from long‑term retail buyers, but it’s more of a sentiment/visibility boost than a fresh fundamental driver. Here’s How Much a $1000 Investment in Carpenter Technology Made 10 Years Ago Would Be Worth Today

About Carpenter Technology

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.