Zacks Research Issues Positive Outlook for CRS Earnings

Carpenter Technology Co. (NYSE:CRS) – Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Carpenter Technology in a research note issued on Friday, April 4th. Zacks Research analyst S. Deb now expects that the basic materials company will earn $1.90 per share for the quarter, up from their previous estimate of $1.89. 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 2026 earnings at $1.82 EPS, Q3 2026 earnings at $1.91 EPS, Q4 2026 earnings at $2.21 EPS, FY2026 earnings at $7.84 EPS, Q1 2027 earnings at $2.16 EPS, Q2 2027 earnings at $2.11 EPS and FY2027 earnings at $9.20 EPS.

A number of other research firms also recently weighed in on CRS. JPMorgan Chase & Co. upped their target price on Carpenter Technology from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 price objective on Carpenter Technology in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.17.

Carpenter Technology Trading Down 9.4 %

Shares of NYSE:CRS opened at $150.90 on Monday. Carpenter Technology has a twelve month low of $74.21 and a twelve month high of $213.66. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The firm has a market cap of $7.54 billion, a P/E ratio of 28.47, a P/E/G ratio of 0.93 and a beta of 1.28. The company has a 50 day moving average of $190.40 and a 200-day moving average of $180.43.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Friday, February 28th were issued a $0.20 dividend. The ex-dividend date was Tuesday, January 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. Carpenter Technology’s dividend payout ratio is currently 15.09%.

Institutional Investors Weigh In On Carpenter Technology

A number of institutional investors and hedge funds have recently modified their holdings of CRS. FMR LLC grew its holdings in shares of Carpenter Technology by 28.3% in the 4th quarter. FMR LLC now owns 4,444,608 shares of the basic materials company’s stock worth $754,295,000 after acquiring an additional 979,313 shares during the last quarter. Invesco Ltd. increased its stake in Carpenter Technology by 30.3% in the 4th quarter. Invesco Ltd. now owns 1,537,235 shares of the basic materials company’s stock worth $260,884,000 after purchasing an additional 357,417 shares in the last quarter. SurgoCap Partners LP raised its holdings in Carpenter Technology by 117.6% during the 4th quarter. SurgoCap Partners LP now owns 1,442,069 shares of the basic materials company’s stock worth $244,734,000 after buying an additional 779,357 shares during the period. Geode Capital Management LLC raised its holdings in Carpenter Technology by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,138,615 shares of the basic materials company’s stock worth $193,279,000 after buying an additional 38,411 shares during the period. Finally, Third Point LLC lifted its stake in Carpenter Technology by 31.8% during the fourth quarter. Third Point LLC now owns 870,000 shares of the basic materials company’s stock valued at $147,648,000 after buying an additional 210,000 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

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.