Zacks Research Has Positive Forecast for CRS Q1 Earnings

Carpenter Technology Co. (NYSE:CRS) – Investment analysts at Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for shares of Carpenter Technology in a research note issued on Wednesday, January 15th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $1.77 for the quarter, up from their previous forecast of $1.76. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.77 per share. Zacks Research also issued estimates for Carpenter Technology’s FY2026 earnings at $7.16 EPS, Q1 2027 earnings at $2.04 EPS and FY2027 earnings at $8.57 EPS.

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

A number of other analysts have also weighed in on CRS. JPMorgan Chase & Co. initiated coverage on Carpenter Technology in a research note on Friday, November 22nd. They issued an “overweight” rating and a $220.00 target price on the stock. Benchmark restated a “buy” rating and issued a $175.00 price target on shares of Carpenter Technology in a report on Friday, October 25th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and an average price target of $153.00.

Carpenter Technology Stock Performance

Shares of NYSE:CRS opened at $206.85 on Thursday. The firm has a fifty day simple moving average of $182.74 and a two-hundred day simple moving average of $156.93. Carpenter Technology has a 52 week low of $58.87 and a 52 week high of $207.99. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $10.31 billion, a P/E ratio of 46.07, a PEG ratio of 0.88 and a beta of 1.55.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.39%. Carpenter Technology’s dividend payout ratio is presently 17.82%.

Institutional Trading of Carpenter Technology

Several hedge funds have recently modified their holdings of CRS. Oppenheimer Asset Management Inc. bought a new position in shares of Carpenter Technology during the 2nd quarter worth approximately $203,000. Renaissance Technologies LLC purchased a new position in Carpenter Technology in the second quarter worth $13,248,000. Edgestream Partners L.P. increased its position in shares of Carpenter Technology by 14.7% during the second quarter. Edgestream Partners L.P. now owns 27,874 shares of the basic materials company’s stock worth $3,054,000 after purchasing an additional 3,569 shares in the last quarter. L & S Advisors Inc purchased a new stake in shares of Carpenter Technology during the 2nd quarter valued at $1,702,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Carpenter Technology by 25.6% during the 2nd quarter. Hsbc Holdings PLC now owns 5,532 shares of the basic materials company’s stock valued at $598,000 after purchasing an additional 1,126 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

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.