What is Zacks Research's Forecast for CRS FY2026 Earnings?

Carpenter Technology Co. (NYSE:CRS - Free Report) - Equities researchers at Zacks Research raised their FY2026 earnings estimates for shares of Carpenter Technology in a research note issued to investors on Wednesday, May 21st. Zacks Research analyst S. Deb now anticipates that the basic materials company will post earnings per share of $8.59 for the year, up from their prior estimate of $8.58. The consensus estimate for Carpenter Technology's current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Carpenter Technology's Q3 2027 earnings at $2.95 EPS and FY2027 earnings at $11.24 EPS.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Carpenter Technology from $240.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. BTIG Research set a $230.00 target price on shares of Carpenter Technology in a research note on Friday, January 31st. Finally, Northcoast Research upgraded shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.00.

Carpenter Technology Stock Performance

CRS stock traded up $7.20 during trading on Thursday, reaching $237.36. The company had a trading volume of 292,100 shares, compared to its average volume of 862,763. The firm has a 50-day simple moving average of $193.94 and a 200-day simple moving average of $190.32. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80. Carpenter Technology has a twelve month low of $95.17 and a twelve month high of $237.53.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.14. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. The business had revenue of $727.00 million for the quarter, compared to analysts' expectations of $729.67 million. During the same period last year, the business earned $1.19 EPS. The company's revenue was up 6.1% compared to the same quarter last year.

Hedge Funds Weigh In On Carpenter Technology

Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA raised its position in Carpenter Technology by 14.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,865 shares of the basic materials company's stock worth $1,165,000 after buying an additional 877 shares during the last quarter. Manuka Financial LLC purchased a new position in shares of Carpenter Technology during the 4th quarter valued at approximately $368,000. Park Avenue Securities LLC purchased a new position in shares of Carpenter Technology during the 4th quarter valued at approximately $419,000. XML Financial LLC increased its holdings in shares of Carpenter Technology by 215.3% during the 4th quarter. XML Financial LLC now owns 9,460 shares of the basic materials company's stock valued at $1,605,000 after purchasing an additional 6,460 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Carpenter Technology during the 4th quarter valued at approximately $18,731,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carpenter Technology news, Director I Martin Inglis sold 3,433 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $197.66, for a total transaction of $678,566.78. Following the completion of the transaction, the director now directly owns 6,732 shares of the company's stock, valued at approximately $1,330,647.12. This trade represents a 33.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, April 22nd. Carpenter Technology's dividend payout ratio is presently 11.33%.

Carpenter Technology declared that its board has authorized a stock repurchase plan on Thursday, April 24th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the basic materials company to repurchase up to 4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

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.