Zacks Research Analysts Boost Earnings Estimates for CRS

Carpenter Technology Co. (NYSE:CRS) – Investment analysts at Zacks Research lifted their Q1 2026 earnings estimates for Carpenter Technology in a report released on Wednesday, November 20th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings per share of $1.75 for the quarter, up from their previous forecast of $1.74. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.61 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2026 earnings at $1.72 EPS, Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $7.12 EPS, Q1 2027 earnings at $2.01 EPS and FY2027 earnings at $8.50 EPS.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.58 by $0.15. The business had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $742.96 million. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share.

Other equities analysts have also issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a research report on Friday, October 25th. BTIG Research raised their price objective on shares of Carpenter Technology from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Carpenter Technology in a research report on Friday. They issued an “overweight” rating and a $220.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $153.00.

Carpenter Technology Stock Performance

CRS stock opened at $190.97 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84. The stock has a market cap of $9.52 billion, a P/E ratio of 42.53, a P/E/G ratio of 0.92 and a beta of 1.46. The firm has a 50 day simple moving average of $162.86 and a 200 day simple moving average of $135.60. Carpenter Technology has a 52 week low of $58.87 and a 52 week high of $192.34.

Carpenter Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, October 22nd. Carpenter Technology’s dividend payout ratio is 17.82%.

Hedge Funds Weigh In On Carpenter Technology

A number of institutional investors have recently modified their holdings of CRS. Vanguard Group Inc. grew its stake in shares of Carpenter Technology by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,686,022 shares of the basic materials company’s stock worth $406,096,000 after acquiring an additional 15,564 shares during the last quarter. FMR LLC grew its stake in shares of Carpenter Technology by 47.1% in the third quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock worth $552,992,000 after acquiring an additional 1,108,963 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Carpenter Technology by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company’s stock worth $175,607,000 after acquiring an additional 17,497 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Carpenter Technology by 129.5% in the second quarter. American Century Companies Inc. now owns 849,097 shares of the basic materials company’s stock worth $93,044,000 after acquiring an additional 479,047 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Carpenter Technology by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,485 shares of the basic materials company’s stock worth $122,794,000 after acquiring an additional 103,559 shares during the last quarter. Institutional investors 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.