Q2 EPS Forecast for Carpenter Technology Boosted by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Investment analysts at Zacks Research raised their Q2 2026 earnings per share estimates for shares of Carpenter Technology in a research note issued on Thursday, November 13th. Zacks Research analyst Team now expects that the basic materials company will earn $2.13 per share for the quarter, up from their prior estimate of $2.11. Zacks Research currently has a “Hold” rating on the stock. 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 $2.46 EPS, FY2026 earnings at $9.81 EPS, Q1 2027 earnings at $2.59 EPS, Q2 2027 earnings at $2.66 EPS, Q1 2028 earnings at $3.01 EPS and FY2028 earnings at $13.87 EPS.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, October 23rd. The basic materials company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.30. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The firm had revenue of $733.70 million during the quarter, compared to analysts’ expectations of $741.18 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Several other research analysts have also issued reports on CRS. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target on the stock in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research report on Thursday, October 30th. Jones Trading assumed coverage on shares of Carpenter Technology in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $400.00 price target on the stock. TD Cowen boosted their price target on shares of Carpenter Technology from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 target price on Carpenter Technology and gave the company a “buy” rating in a research note on Friday, October 24th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.14.

Carpenter Technology Trading Up 2.6%

CRS stock traded up $8.53 during trading on Friday, hitting $333.24. The company had a trading volume of 220,859 shares, compared to its average volume of 911,086. Carpenter Technology has a one year low of $138.61 and a one year high of $342.11. The company has a current ratio of 4.44, a quick ratio of 2.37 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $267.98 and a 200-day moving average of $255.40. The stock has a market cap of $16.60 billion, a PE ratio of 40.78, a PEG ratio of 1.41 and a beta of 1.47.

Institutional Investors Weigh In On Carpenter Technology

A number of hedge funds have recently added to or reduced their stakes in the business. Egerton Capital UK LLP acquired a new stake in shares of Carpenter Technology in the first quarter worth approximately $329,727,000. Invesco Ltd. grew its position in shares of Carpenter Technology by 37.1% in the 1st 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 in the last quarter. Aspex Management HK Ltd acquired a new position in shares of Carpenter Technology during the third quarter valued at $136,215,000. William Blair Investment Management LLC bought a new stake in shares of Carpenter Technology during the 2nd quarter worth about $134,790,000. Finally, TOMS Capital Investment Management LP bought a new stake in Carpenter Technology during the second quarter worth approximately $106,683,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carpenter Technology

In other news, Director Steven E. Karol sold 3,433 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $245.78, for a total value of $843,762.74. Following the sale, the director directly owned 180,000 shares in the company, valued at approximately $44,240,400. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director I Martin Inglis sold 5,691 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $244.54, for a total transaction of $1,391,677.14. Following the transaction, the director owned 6,732 shares in the company, valued at approximately $1,646,243.28. This trade represents a 45.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 28,124 shares of company stock worth $6,890,250. Company insiders own 2.90% of the company’s stock.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Tuesday, October 21st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, October 21st. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s dividend payout ratio (DPR) is 9.78%.

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.