Zacks Research Issues Positive Outlook for CRS Earnings

Carpenter Technology Corporation (NYSE:CRS) – Equities research analysts at Zacks Research lifted their Q3 2027 earnings per share (EPS) estimates for shares of Carpenter Technology in a research note issued to investors on Thursday, February 26th. Zacks Research analyst Team now expects that the basic materials company will earn $3.02 per share for the quarter, up from their previous forecast 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.

Other analysts have also recently issued reports about the stock. TD Cowen restated a “buy” rating on shares of Carpenter Technology in a research report on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on Carpenter Technology from $388.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. KeyCorp upgraded 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. Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a report on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $385.50.

Carpenter Technology Price Performance

CRS stock opened at $402.00 on Monday. Carpenter Technology has a 52 week low of $138.61 and a 52 week high of $410.10. The firm has a market capitalization of $20.02 billion, a P/E ratio of 46.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The company has a fifty day simple moving average of $349.46 and a two-hundred day simple moving average of $303.88. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35.

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

Institutional Trading of Carpenter Technology

A number of large investors have recently made changes to their positions in CRS. Woodline Partners LP purchased a new position in Carpenter Technology in the 1st quarter worth about $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Carpenter Technology by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock worth $18,985,000 after acquiring an additional 1,701 shares in the last quarter. Focus Partners Wealth increased its position in shares of Carpenter Technology by 7.3% during the first quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after acquiring an additional 314 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Carpenter Technology during the second quarter worth approximately $228,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Carpenter Technology during the second quarter valued at approximately $371,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Brian J. Malloy sold 43,688 shares of the business’s stock in a transaction on 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 $24,013,493.75. The trade was a 35.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven E. Karol sold 3,500 shares of the stock in a transaction 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 completion of the sale, the director owned 225,381 shares in the company, valued at approximately $85,897,206.72. The trade was a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 97,758 shares of company stock valued at $31,665,177. 2.90% of the stock is currently owned by insiders.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, January 27th. Carpenter Technology’s payout ratio is 9.29%.

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.