Zacks Research Has Positive Outlook for CRS FY2026 Earnings

Carpenter Technology Co. (NYSE:CRS) – Investment analysts at Zacks Research raised their FY2026 earnings per share estimates for Carpenter Technology in a report issued on Monday, April 21st. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings of $7.85 per share for the year, up from their prior estimate of $7.84. 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 2027 earnings at $2.25 EPS and FY2027 earnings at $9.21 EPS.

Other research analysts have also recently issued research reports about the company. Northcoast Research upgraded Carpenter Technology from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. BTIG Research set a $230.00 price objective on shares of Carpenter Technology in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Carpenter Technology presently has an average rating of “Moderate Buy” and a consensus price target of $167.17.

Carpenter Technology Price Performance

Shares of NYSE CRS opened at $167.74 on Tuesday. The firm has a market cap of $8.38 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28. The business’s 50 day moving average is $183.39 and its 200-day moving average is $181.06. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. Carpenter Technology has a 1-year low of $75.73 and a 1-year high of $213.66.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.80 annualized dividend and a yield of 0.48%. Carpenter Technology’s dividend payout ratio is currently 15.09%.

Institutional Investors Weigh In On Carpenter Technology

Large investors have recently modified their holdings of the business. FMR LLC grew its position in Carpenter Technology by 28.3% in the fourth quarter. FMR LLC now owns 4,444,608 shares of the basic materials company’s stock valued at $754,295,000 after acquiring an additional 979,313 shares during the last quarter. Invesco Ltd. grew its stake in shares of Carpenter Technology by 30.3% during the fourth quarter. Invesco Ltd. now owns 1,537,235 shares of the basic materials company’s stock worth $260,884,000 after buying an additional 357,417 shares during the last quarter. SurgoCap Partners LP increased its holdings in shares of 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 buying an additional 779,357 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 valued at $193,279,000 after acquiring an additional 38,411 shares in the last quarter. Finally, Third Point LLC increased its holdings in Carpenter Technology by 31.8% in the 4th quarter. Third Point LLC now owns 870,000 shares of the basic materials company’s stock worth $147,648,000 after purchasing 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.