Zacks Research Has Optimistic Outlook of CRS Q1 Earnings

Key Points

• Zacks Research raised Carpenter Technology’s Q1 2027 EPS estimate to $2.89 from $2.83 and maintained a “Strong-Buy” rating. Its FY2027 and FY2028 EPS forecasts are $12.75 and $14.99, respectively.
• Analyst sentiment remains positive overall, with the stock receiving an average “Buy” rating and a consensus price target of $577.25, despite several firms recently adjusting their targets.
• CRS shares opened at $489.66, down 4%, while the company’s latest quarterly results exceeded EPS expectations by reporting $3.23 versus the $3.09 consensus estimate. Carpenter Technology also declared a quarterly dividend of $0.20 per share.

Carpenter Technology Corporation (NYSE:CRS - Free Report) - Stock analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for Carpenter Technology in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $2.89 per share for the quarter, up from their prior estimate of $2.83. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Carpenter Technology's current full-year earnings is $12.92 per share. Zacks Research also issued estimates for Carpenter Technology's Q2 2027 earnings at $2.96 EPS, Q3 2027 earnings at $3.33 EPS, Q4 2027 earnings at $3.57 EPS, FY2027 earnings at $12.75 EPS, Q1 2028 earnings at $3.36 EPS, Q2 2028 earnings at $3.52 EPS, Q3 2028 earnings at $3.97 EPS, Q4 2028 earnings at $4.14 EPS and FY2028 earnings at $14.99 EPS.

Several other equities research analysts have also recently weighed in on CRS. Wells Fargo & Company boosted their price target on shares of Carpenter Technology from $425.00 to $540.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 4th. TD Cowen increased their price objective on shares of Carpenter Technology from $470.00 to $650.00 and gave the company a "buy" rating in a research report on Monday, July 13th. KeyCorp dropped their price objective 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. Susquehanna reduced their target price on shares of Carpenter Technology from $680.00 to $600.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Finally, BTIG Research upped their target price on shares of Carpenter Technology from $450.00 to $620.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $577.25.

Carpenter Technology Stock Down 4.0%

NYSE CRS opened at $489.66 on Friday. 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 company has a market capitalization of $24.27 billion, a P/E ratio of 46.55, a P/E/G ratio of 1.85 and a beta of 1.25. Carpenter Technology has a one year low of $228.00 and a one year high of $625.98. The stock has a 50 day moving average price of $568.19 and a 200-day moving average price of $468.44.

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

Institutional Investors Weigh In On Carpenter Technology

Several large investors have recently modified their holdings of CRS. Keating Financial Advisory Services Inc. purchased a new stake in Carpenter Technology in the second quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Carpenter Technology during the first quarter valued at about $30,000. SJS Investment Consulting Inc. increased its holdings in shares of Carpenter Technology by 81.8% during the first quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 36 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of Carpenter Technology in the 2nd quarter valued at approximately $55,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Carpenter Technology in the 2nd quarter valued at approximately $56,000. Institutional investors own 92.03% of the company's stock.

Carpenter Technology Dividend Announcement

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

Key Stories Impacting Carpenter Technology

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

• Positive Sentiment: Zacks Research increased its FY2027 EPS forecast to $12.75 from $12.12 and its FY2028 forecast to $14.99 from $14.49. The firm also raised estimates for multiple quarters, including Q2–Q4 FY2027 and every reported quarter in FY2028. Carpenter Technology analyst estimates
• Positive Sentiment: The largest quarterly revision was for Q4 FY2027, with projected EPS increasing to $3.57 from $3.25. Estimates were also lifted for Q1 FY2027 to $2.89, Q2 to $2.96, Q3 to $3.33, and FY2028 quarters to $3.36–$4.14. Carpenter Technology earnings estimates
• Positive Sentiment: Zacks Research maintained a “Strong-Buy” rating, reinforcing the favorable outlook. The updated estimates imply continued earnings growth from the current full-year consensus of $12.92 per share. Zacks Research rating for Carpenter Technology
• Neutral Sentiment: CRS shares opened at $489.66, below their 50-day moving average of $568.19 but above their 200-day average of $468.44. With a price-to-earnings ratio of 46.55, the stock’s valuation leaves it sensitive to any future earnings disappointment despite the improved forecasts.

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.

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