What is Zacks Research's Forecast for CRS Q4 Earnings?

Key Points

• Zacks Research raised its Q4 2027 EPS forecast for Carpenter Technology to $3.59 from $3.58 and maintains a “Strong-Buy” rating. It projects full-year 2027 EPS of $13.28 and FY2028 EPS of $15.24.
• Analyst sentiment remains favorable, with the stock carrying an overall “Buy” rating and an average price target of $577.25, despite some target reductions and the shares opening at $442.99.
• Carpenter Technology’s latest quarterly results exceeded expectations, with EPS of $3.23 versus the $3.09 consensus and revenue rising 12.6% year over year; the company also pays a $0.20 quarterly dividend.

Carpenter Technology Corporation (NYSE:CRS - Free Report) - Stock analysts at Zacks Research raised their Q4 2027 earnings per share (EPS) estimates for Carpenter Technology in a research note issued on Friday, September 11th. Zacks Research analyst Team now expects that the basic materials company will earn $3.59 per share for the quarter, up from their prior forecast of $3.58. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Carpenter Technology's current full-year earnings is $13.28 per share. Zacks Research also issued estimates for Carpenter Technology's Q1 2028 earnings at $3.39 EPS, Q2 2028 earnings at $3.58 EPS, Q3 2028 earnings at $4.04 EPS, Q4 2028 earnings at $4.23 EPS, FY2028 earnings at $15.24 EPS and FY2029 earnings at $18.81 EPS.

Other equities analysts have also issued reports about the stock. Susquehanna reduced their price target on shares of Carpenter Technology from $680.00 to $600.00 and set a "positive" rating on the stock in a research report on Friday, July 31st. Wall Street Zen raised shares of Carpenter Technology from a "hold" rating to a "buy" rating in a report on Saturday. TD Cowen lifted their target price on shares of Carpenter Technology from $470.00 to $650.00 and gave the company a "buy" rating in a research note on Monday, July 13th. KeyCorp cut their target price on shares of Carpenter Technology from $644.00 to $608.00 and set an "overweight" rating for the company in a research note on Monday, August 3rd. Finally, Wells Fargo & Company boosted their target price on Carpenter Technology from $425.00 to $540.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $577.25.

Carpenter Technology Stock Down 0.0%

CRS opened at $442.99 on Monday. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 1.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. The firm's 50-day simple moving average is $531.19 and its 200-day simple moving average is $480.54. Carpenter Technology has a twelve month low of $228.00 and a twelve month high of $625.98.

Carpenter Technology (NYSE:CRS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.09 by $0.14. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million during the quarter, compared to analysts' expectations of $863.33 million. During the same period last year, the business earned $2.21 earnings per share. The business's revenue was up 12.6% on a year-over-year basis.

Carpenter Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. Carpenter Technology's dividend payout ratio is currently 7.60%.

Insider Buying and Selling at Carpenter Technology

In other Carpenter Technology news, CEO Tony Thene sold 57,456 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total value of $27,802,958.40. Following the completion of the sale, the chief executive officer owned 439,631 shares in the company, valued at approximately $212,737,440.90. This trade represents a 11.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven Karol sold 3,275 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $474.08, for a total transaction of $1,552,612.00. Following the completion of the transaction, the director directly owned 177,000 shares of the company's stock, valued at approximately $83,912,160. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 112,996 shares of company stock worth $54,644,436. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carpenter Technology

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in Carpenter Technology by 58,677.5% during the 2nd quarter. California State Teachers Retirement System now owns 33,892,274 shares of the basic materials company's stock worth $20,906,110,000 after acquiring an additional 33,834,612 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Carpenter Technology in the second quarter valued at approximately $3,834,623,000. State Street Corp increased its position in shares of 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 acquiring an additional 192,533 shares in the last quarter. Invesco Ltd. raised its holdings in shares of 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 acquiring an additional 327,302 shares during the period. Finally, Egerton Capital UK LLP lifted its position in Carpenter Technology by 13.0% in the 4th quarter. Egerton Capital UK LLP now owns 1,553,012 shares of the basic materials company's stock valued at $488,950,000 after acquiring an additional 178,679 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

About Carpenter Technology

Carpenter Technology Corporation is a manufacturer of premium specialty alloys and engineered materials for demanding applications. The company develops and produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, wear, and stress.

Its products are used in the aerospace and defense, medical, energy, transportation, industrial, and consumer sectors. Carpenter also provides specialty manufacturing capabilities, including additive manufacturing powders, precision-engineered components, and materials tailored to specific customer requirements.

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