Q1 EPS Estimate for Carpenter Technology Boosted by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Research analysts at Zacks Research boosted their Q1 2026 earnings per share (EPS) estimates for Carpenter Technology in a research report issued to clients and investors on Monday, July 28th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $1.95 per share for the quarter, up from their prior forecast of $1.94. 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 Q3 2026 earnings at $2.23 EPS, FY2026 earnings at $8.65 EPS, Q1 2027 earnings at $2.38 EPS, Q2 2027 earnings at $2.54 EPS, Q3 2027 earnings at $2.97 EPS, Q4 2027 earnings at $3.43 EPS and FY2027 earnings at $11.31 EPS.

CRS has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on Carpenter Technology from $245.00 to $305.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Cowen reissued a “buy” rating on shares of Carpenter Technology in a report on Thursday, June 12th. Northcoast Research upgraded Carpenter Technology from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, Benchmark lifted their price objective on Carpenter Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, June 9th.

Carpenter Technology Price Performance

Shares of Carpenter Technology stock opened at $284.19 on Tuesday. The business has a 50 day simple moving average of $261.84 and a two-hundred day simple moving average of $217.11. Carpenter Technology has a 12 month low of $119.69 and a 12 month high of $290.84. The stock has a market capitalization of $14.15 billion, a P/E ratio of 40.25, a PEG ratio of 0.91 and a beta of 1.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.75 and a quick ratio of 1.89.

Carpenter Technology announced that its board has initiated a stock repurchase program on Thursday, April 24th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the basic materials company to buy up to 4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Anastasios John Hart sold 1,000 shares of Carpenter Technology stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $243.72, for a total transaction of $243,720.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Carpenter Technology

Institutional investors have recently added to or reduced their stakes in the stock. Egerton Capital UK LLP acquired a new stake in Carpenter Technology during the first quarter worth $329,727,000. FMR LLC increased its stake in Carpenter Technology by 28.3% during the fourth 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. SurgoCap Partners LP increased its stake in Carpenter Technology by 117.6% during the fourth quarter. SurgoCap Partners LP now owns 1,442,069 shares of the basic materials company’s stock worth $244,734,000 after acquiring an additional 779,357 shares during the last quarter. Norges Bank acquired a new stake in Carpenter Technology during the fourth quarter worth $100,505,000. Finally, Invesco Ltd. increased its stake in Carpenter Technology by 37.1% during the first quarter. Invesco Ltd. now owns 2,107,676 shares of the basic materials company’s stock worth $381,869,000 after acquiring an additional 570,441 shares during the last quarter. Hedge funds and other institutional investors 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.