What is Zacks Research’s Estimate for CRS FY2026 Earnings?

Carpenter Technology Corporation (NYSE:CRS) – Research analysts at Zacks Research increased their FY2026 earnings estimates for shares of Carpenter Technology in a report released on Wednesday, June 3rd. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $10.44 for the year, up from their prior estimate of $10.42. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.54 per share. Zacks Research also issued estimates for Carpenter Technology’s Q4 2026 earnings at $2.91 EPS, Q1 2027 earnings at $2.80 EPS, Q2 2027 earnings at $2.83 EPS, Q3 2027 earnings at $3.17 EPS, Q4 2027 earnings at $3.22 EPS, FY2027 earnings at $12.01 EPS, Q3 2028 earnings at $3.86 EPS and FY2028 earnings at $14.37 EPS.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The business had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. During the same quarter last year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year.

A number of other equities analysts also recently commented on the stock. BTIG Research raised their target price on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Susquehanna raised their target price on shares of Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. KeyCorp lifted their price target on shares of Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $500.00 price target on shares of Carpenter Technology in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $486.86 on Thursday. The company’s fifty day simple moving average is $428.11 and its 200-day simple moving average is $374.48. Carpenter Technology has a 52 week low of $228.00 and a 52 week high of $495.58. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. The company has a market cap of $24.19 billion, a PE ratio of 51.25, a P/E/G ratio of 1.80 and a beta of 1.25.

Carpenter Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors 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 annualized dividend and a yield of 0.2%. Carpenter Technology’s payout ratio is 8.42%.

Insider Buying and Selling at Carpenter Technology

In related news, VP Marshall D. Akins sold 11,815 shares of Carpenter Technology stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the sale, the vice president owned 18,344 shares of the company’s stock, valued at $8,096,307.84. The trade was a 39.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anastasios John Hart sold 750 shares of Carpenter Technology stock in a transaction 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 sale, the director directly owned 750 shares in the company, valued at $317,895. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. grew its holdings in Carpenter Technology by 3.7% during the 4th quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 32 shares in the last quarter. Abel Hall LLC grew its holdings in Carpenter Technology by 3.2% during the 4th quarter. Abel Hall LLC now owns 1,019 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 32 shares in the last quarter. Brown Miller Wealth Management LLC grew its holdings in Carpenter Technology by 2.4% during the 4th quarter. Brown Miller Wealth Management LLC now owns 1,411 shares of the basic materials company’s stock worth $444,000 after acquiring an additional 33 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Carpenter Technology by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,146 shares of the basic materials company’s stock worth $3,509,000 after acquiring an additional 34 shares in the last quarter. Finally, Essential Partners LLC grew its holdings in Carpenter Technology by 9.9% during the 1st quarter. Essential Partners LLC now owns 378 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 34 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: Zacks Research upgraded Carpenter Technology (CRS) to Buy, signaling increased confidence in the company’s earnings outlook and near-term stock performance. Article Title
• Positive Sentiment: Zacks Research nudged higher its earnings estimates across multiple periods for CRS, including FY2026, FY2027, FY2028 and several quarterly forecasts, reinforcing the view that profit growth remains strong.
• Positive Sentiment: Recent commentary also highlighted record earnings and profits, which supports the stock’s strong momentum and suggests institutional investors continue to favor the name. Article Title
• Neutral Sentiment: The consensus full-year earnings estimate remains around $10.54 per share, so the latest analyst revisions are incremental rather than a major earnings surprise.
• Neutral Sentiment: Carpenter Technology’s last reported quarter beat EPS expectations, but revenue came in below forecasts, creating a mixed but still generally supportive backdrop for the stock.

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.