Q1 EPS Estimate for Carpenter Technology Raised by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Analysts at Zacks Research lifted their Q1 2027 earnings per share (EPS) estimates for Carpenter Technology in a note issued to investors on Thursday, February 26th. Zacks Research analyst Team now expects that the basic materials company will earn $2.72 per share for the quarter, up from their previous estimate of $2.70. 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 Q2 2027 earnings at $2.74 EPS, FY2027 earnings at $11.81 EPS, Q1 2028 earnings at $3.19 EPS and FY2028 earnings at $14.10 EPS.

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

CRS has been the subject of several other research reports. JPMorgan Chase & Co. increased their target price on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. BTIG Research upped their price target on Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a report on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Carpenter Technology Stock Performance

NYSE CRS opened at $397.75 on Friday. The company’s fifty day moving average is $346.56 and its two-hundred day moving average is $300.96. Carpenter Technology has a 52-week low of $138.61 and a 52-week high of $403.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.25 and a quick ratio of 2.26. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of 46.20, a P/E/G ratio of 1.56 and a beta of 1.30.

Carpenter Technology Announces Dividend

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

Insider Activity at Carpenter Technology

In other Carpenter Technology news, Director Steven E. Karol sold 3,500 shares of Carpenter Technology stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $381.12, for a total transaction of $1,333,920.00. Following the completion of the transaction, the director directly owned 225,381 shares of the company’s stock, valued at approximately $85,897,206.72. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian J. Malloy sold 4,130 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the completion of the sale, the chief operating officer owned 78,875 shares in the company, valued at $23,940,140. This 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 97,758 shares of company stock valued at $31,665,177 in the last 90 days. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carpenter Technology

Several institutional investors have recently added to or reduced their stakes in CRS. Geneos Wealth Management Inc. bought a new stake in Carpenter Technology during the second quarter worth about $28,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 43 shares in the last quarter. Root Financial Partners LLC bought a new stake in Carpenter Technology during the 3rd quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB grew its position in 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 acquiring an additional 60 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in Carpenter Technology by 164.7% during the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 84 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research raised near‑term and multi‑year EPS forecasts for CRS (small upward revisions to Q1/Q2 2027, FY2027 and FY2028 estimates), improving forward earnings visibility and supporting valuation and upside momentum.
• Positive Sentiment: Analyst upgrade/coverage note highlights that Carpenter is gaining pricing power in a tight specialty-metals market, implying stronger margins and cash flow potential — a fundamental rationale for the recent rally. Article Title
• Positive Sentiment: Media reported CRS hit a fresh annual high on the NYSE Composite, a technical signal that can attract momentum and institutional buyers. Article Title
• Neutral Sentiment: A comparative piece examined CRS versus Insteel Industries (IIIN) for value investors — useful context for relative valuation but not an immediate company-specific catalyst. Article Title
• Negative Sentiment: Senior VP James D. Dee sold 15,800 shares at about $391.78 (~$6.19M). While insiders often sell for diversification and he still retains a large stake, the disclosed sale can create short‑term pressure or signal partial profit‑taking. Article Title

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.