Q3 EPS Forecast for Carpenter Technology Raised by Analyst

Carpenter Technology Co. (NYSE:CRS - Free Report) - Analysts at Zacks Research boosted their Q3 2026 earnings estimates for Carpenter Technology in a research note issued on Thursday, May 15th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings of $2.21 per share for the quarter, up from their previous forecast of $1.90. 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 Q4 2026 earnings at $2.53 EPS, FY2026 earnings at $8.58 EPS, Q1 2027 earnings at $2.36 EPS, Q2 2027 earnings at $2.52 EPS, Q3 2027 earnings at $2.93 EPS and FY2027 earnings at $11.20 EPS.

A number of other equities research analysts have also weighed in on CRS. BTIG Research set a $230.00 price objective on shares of Carpenter Technology in a report on Friday, January 31st. 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. Finally, Northcoast Research raised shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.00.

Carpenter Technology Trading Up 1.9%

Shares of CRS traded up $4.23 during mid-day trading on Monday, reaching $230.23. The company's stock had a trading volume of 886,496 shares, compared to its average volume of 763,109. The stock has a market cap of $11.46 billion, a PE ratio of 43.44, a P/E/G ratio of 0.93 and a beta of 1.33. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. Carpenter Technology has a 52 week low of $95.17 and a 52 week high of $236.59. The company's fifty day moving average price is $193.16 and its two-hundred day moving average price is $189.85.

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

Carpenter Technology announced that its Board of Directors has approved a share buyback plan on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Carpenter Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Tuesday, April 22nd. Carpenter Technology's payout ratio is 11.33%.

Insider Buying and Selling at Carpenter Technology

In other Carpenter Technology news, Director I Martin Inglis sold 3,433 shares of the business's stock in a transaction 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 transaction, the director now directly owns 6,732 shares of the company's stock, valued at approximately $1,330,647.12. The trade was a 33.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its position in Carpenter Technology by 7.3% during the 1st quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company's stock valued at $836,000 after purchasing an additional 314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Carpenter Technology by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company's stock valued at $18,985,000 after buying an additional 1,701 shares in the last quarter. Legacy Advisory Services LLC bought a new stake in shares of Carpenter Technology during the 1st quarter valued at $219,000. Woodline Partners LP bought a new stake in shares of Carpenter Technology during the 1st quarter valued at $4,050,000. Finally, United Services Automobile Association bought a new stake in shares of Carpenter Technology during the 1st quarter valued at $601,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

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.