Zacks Research Issues Positive Estimate for CRS Earnings

Carpenter Technology Corporation (NYSE:CRS) – Equities research analysts at Zacks Research lifted their Q3 2027 EPS estimates for Carpenter Technology in a report released on Thursday, February 26th. Zacks Research analyst Team now anticipates that the basic materials company will earn $3.02 per share for the quarter, up from their prior estimate of $3.01. 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 2027 earnings at $3.35 EPS and Q2 2028 earnings at $3.21 EPS.

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

CRS has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price target on Carpenter Technology from $388.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday, January 27th. BTIG Research raised their price target on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of Carpenter Technology in a research note on Friday, November 14th. Finally, KeyCorp raised shares of 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. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.43.

Carpenter Technology Trading Up 0.1%

NYSE CRS opened at $397.75 on Monday. The stock has a market capitalization of $19.81 billion, a P/E ratio of 46.20, a P/E/G ratio of 1.56 and a beta of 1.22. The business has a 50 day simple moving average of $346.56 and a 200 day simple moving average of $301.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.25 and a quick ratio of 2.26. Carpenter Technology has a one year low of $138.61 and a one year high of $403.81.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC increased its stake in Carpenter Technology by 77.9% in the 3rd quarter. WCM Investment Management LLC now owns 357,498 shares of the basic materials company’s stock valued at $86,261,000 after buying an additional 156,554 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Carpenter Technology by 43.3% in the 2nd quarter. Prudential Financial Inc. now owns 56,082 shares of the basic materials company’s stock worth $15,500,000 after buying an additional 16,954 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Carpenter Technology in the third quarter valued at approximately $1,373,000. Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Carpenter Technology during the third quarter valued at approximately $797,000. Finally, Schroder Investment Management Group lifted its holdings in Carpenter Technology by 11.1% during the second quarter. Schroder Investment Management Group now owns 57,625 shares of the basic materials company’s stock worth $15,926,000 after acquiring an additional 5,757 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insider Activity

In other Carpenter Technology news, COO Brian J. Malloy sold 43,688 shares of Carpenter Technology stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $304.45, for a total transaction of $13,300,811.60. Following the completion of the transaction, the chief operating officer owned 78,875 shares in the company, valued at approximately $24,013,493.75. The trade was a 35.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven E. Karol sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $381.12, for a total value of $1,333,920.00. Following the sale, the director directly owned 225,381 shares of the company’s stock, valued at $85,897,206.72. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,758 shares of company stock worth $31,665,177 over the last three months. 2.90% of the stock is currently owned by insiders.

Carpenter Technology Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, January 27th. Carpenter Technology’s dividend payout ratio (DPR) is 9.29%.

Carpenter Technology News Summary

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.