FY2026 Earnings Estimate for CRS Issued By Zacks Research

Carpenter Technology Corporation (NYSE:CRS) – Analysts at Zacks Research boosted their FY2026 earnings per share estimates for Carpenter Technology in a research report issued on Wednesday, May 20th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $10.42 per share for the year, up from their previous forecast of $10.20. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.43 per share. Zacks Research also issued estimates for Carpenter Technology’s Q4 2026 earnings at $2.89 EPS, Q1 2027 earnings at $2.78 EPS, Q2 2027 earnings at $2.81 EPS, Q3 2027 earnings at $3.15 EPS, Q4 2027 earnings at $3.20 EPS, FY2027 earnings at $11.93 EPS, Q2 2028 earnings at $3.31 EPS, Q3 2028 earnings at $3.84 EPS and FY2028 earnings at $14.27 EPS.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The business had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. During the same period in the previous year, the business earned $1.88 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis.

Several other brokerages have also recently issued reports on CRS. Wells Fargo & Company lifted their target price on Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. TD Cowen lifted their target price on Carpenter Technology from $430.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $438.78.

Carpenter Technology Price Performance

Shares of Carpenter Technology stock opened at $421.03 on Thursday. The stock’s 50-day simple moving average is $411.95 and its 200-day simple moving average is $364.52. Carpenter Technology has a 52 week low of $219.58 and a 52 week high of $475.69. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 1.52 and a beta of 1.24. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33.

Institutional Trading of Carpenter Technology

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Carpenter Technology by 10.1% during the third quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock worth $514,687,000 after buying an additional 192,533 shares during the period. Invesco Ltd. lifted its holdings in Carpenter Technology by 18.8% during the fourth quarter. Invesco Ltd. now owns 2,071,657 shares of the basic materials company’s stock worth $652,241,000 after buying an additional 327,302 shares during the period. Egerton Capital UK LLP lifted its holdings in Carpenter Technology by 13.0% during the fourth quarter. Egerton Capital UK LLP now owns 1,553,012 shares of the basic materials company’s stock worth $488,950,000 after buying an additional 178,679 shares during the period. SurgoCap Partners LP lifted its holdings in Carpenter Technology by 29.5% during the third quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock worth $294,377,000 after buying an additional 272,896 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Carpenter Technology by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 975,960 shares of the basic materials company’s stock worth $307,333,000 after buying an additional 78,588 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insider Activity

In other news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $423.86, for a total transaction of $317,895.00. Following the transaction, the director owned 750 shares of the company’s stock, valued at approximately $317,895. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James D. Dee sold 15,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total value of $6,190,124.00. Following the transaction, the senior vice president directly owned 73,739 shares in the company, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 28,365 shares of company stock valued at $11,722,687. 2.90% of the stock is currently owned by insiders.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio is currently 8.42%.

Key Stories Impacting Carpenter Technology

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.42 from $10.20, slightly below the consensus of $10.43, signaling continued confidence in Carpenter Technology’s near-term earnings power.
• Positive Sentiment: The firm also increased FY2027 EPS to $11.93 from $11.81 and FY2028 EPS to $14.27 from $14.12, reinforcing expectations for multi-year earnings growth.
• Positive Sentiment: Quarterly estimates were also lifted for Q1 2027, Q2 2027, Q3 2027, Q2 2028, and Q3 2028, indicating analysts expect Carpenter Technology’s earnings trajectory to remain strong over the next several years.
• Neutral Sentiment: Zacks Research cut its Q4 2027 EPS estimate to $3.20 from $3.35, but the revision was modest and did not offset the broader pattern of upward estimate revisions.

Carpenter Technology Company Profile

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.