Zacks Research Has Positive Estimate for CRS Q3 Earnings

Carpenter Technology Corporation (NYSE:CRS) – Equities research analysts at Zacks Research upped their Q3 2026 earnings estimates for Carpenter Technology in a report issued on Thursday, February 19th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $2.55 for the quarter, up from their previous estimate of $2.46. 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 $2.88 EPS, FY2026 earnings at $10.20 EPS, Q1 2027 earnings at $2.70 EPS, Q2 2027 earnings at $2.72 EPS, Q1 2028 earnings at $3.18 EPS and FY2028 earnings at $14.08 EPS.

Several other brokerages also recently issued reports on CRS. BTIG Research upped their price target on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. TD Cowen reissued a “buy” rating on shares of Carpenter Technology in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft set a $425.00 price target on shares of Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on Carpenter Technology from $388.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.43.

Carpenter Technology Price Performance

Shares of CRS stock opened at $389.98 on Friday. Carpenter Technology has a 52 week low of $138.61 and a 52 week high of $397.72. The stock has a market capitalization of $19.42 billion, a PE ratio of 45.29, a PEG ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25. The stock’s fifty day moving average is $339.35 and its 200-day moving average is $296.06.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The business had revenue of $728.00 million for the quarter, compared to analyst estimates of $733.76 million. During the same period in the prior year, the company earned $1.66 EPS. Carpenter Technology’s revenue for the quarter was up 7.5% on a year-over-year basis.

Carpenter Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, January 27th. Carpenter Technology’s dividend payout ratio is presently 9.29%.

Insider Buying and Selling at Carpenter Technology

In related news, COO Brian J. Malloy sold 4,130 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the sale, the chief operating officer 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. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Elizabeth A. Socci sold 3,900 shares of the firm’s stock in a transaction 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 sale, the vice president directly owned 9,594 shares in the company, valued at $3,082,072.50. The trade was a 28.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 79,358 shares of company stock worth $24,254,008. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRS. Dorsey Wright & Associates lifted its holdings in shares of Carpenter Technology by 3.2% during the 4th quarter. Dorsey Wright & Associates now owns 39,012 shares of the basic materials company’s stock valued at $12,283,000 after purchasing an additional 1,216 shares in the last quarter. Invesco Ltd. increased its stake in Carpenter Technology by 18.8% during the 4th quarter. Invesco Ltd. now owns 2,071,657 shares of the basic materials company’s stock worth $652,241,000 after purchasing an additional 327,302 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Carpenter Technology by 60.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,213 shares of the basic materials company’s stock worth $697,000 after buying an additional 835 shares during the period. Corient Private Wealth LLC acquired a new stake in Carpenter Technology during the 4th quarter worth approximately $386,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Carpenter Technology by 22.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,127 shares of the basic materials company’s stock valued at $1,929,000 after buying an additional 1,139 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Carpenter reported strong Q2 2026 results with specialty‑alloys growth cited as the primary driver of revenue and margin expansion — this operational beat is the immediate catalyst for bullish sentiment. Carpenter Technology (CRS) Reports Strong Q2 2026 Earnings
• Positive Sentiment: Zacks Research raised multiple EPS forecasts for Carpenter across quarters and fiscal years — notable moves include FY2026 to $10.20 (from $9.82) and FY2028 to $14.08 — implying analysts expect stronger profitability and supporting higher forward multiples. Zacks upgrades / estimates (MarketBeat summary)
• Neutral Sentiment: Valuation and positioning: CRS is trading near its 12‑month high with a high P/E (~45) and a PEG ~1.47, which means further gains will depend on continued earnings delivery and multiple expansion staying intact. Carpenter stock profile and valuation

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