Q1 EPS Estimate for Carpenter Technology Lifted by Analyst

Key Points

• Analysts at Zacks Research raised their Q1 2026 earnings per share estimate for Carpenter Technology Corporation to $1.95, reflecting increased confidence in the company's financial outlook.
• Several brokerages boosted their target prices for Carpenter Technology, with JPMorgan Chase & Co. increasing theirs from $245 to $305, suggesting positive sentiment in the market.
• Carpenter Technology's Board approved a $400 million share repurchase program, indicating that management believes the company’s stock is undervalued.

Carpenter Technology Corporation (NYSE:CRS - Free Report) - Analysts at Zacks Research lifted their Q1 2026 earnings per share (EPS) estimates for shares of Carpenter Technology in a report issued on Monday, July 28th. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $1.95 per share for the quarter, up from their previous estimate of $1.94. 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 2026 earnings at $2.23 EPS, FY2026 earnings at $8.65 EPS, Q1 2027 earnings at $2.38 EPS, Q2 2027 earnings at $2.54 EPS, Q3 2027 earnings at $2.97 EPS, Q4 2027 earnings at $3.43 EPS and FY2027 earnings at $11.31 EPS.

Several other equities analysts also recently commented on the company. Northcoast Research upgraded Carpenter Technology from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Benchmark raised their price objective on Carpenter Technology from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. raised their price objective on Carpenter Technology from $245.00 to $305.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, Cowen restated a "buy" rating on shares of Carpenter Technology in a research report on Thursday, June 12th.

Carpenter Technology Price Performance

Shares of CRS stock traded up $8.48 on Tuesday, hitting $257.87. 1,944,894 shares of the company's stock were exchanged, compared to its average volume of 925,603. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.75 and a quick ratio of 1.89. The stock has a market cap of $12.84 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 0.94 and a beta of 1.39. Carpenter Technology has a 12 month low of $119.69 and a 12 month high of $290.84. The company has a 50 day moving average of $262.31 and a 200 day moving average of $217.49.

Carpenter Technology (NYSE:CRS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.18. Carpenter Technology had a return on equity of 21.16% and a net margin of 12.26%. The business had revenue of $755.60 million during the quarter, compared to the consensus estimate of $790.73 million. During the same period in the prior year, the company earned $1.82 EPS. Carpenter Technology's revenue for the quarter was down 5.4% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRS. Rise Advisors LLC bought a new stake in Carpenter Technology during the first quarter worth $31,000. IMA Advisory Services Inc. bought a new stake in Carpenter Technology during the first quarter worth $36,000. Bessemer Group Inc. lifted its holdings in Carpenter Technology by 50.3% during the first quarter. Bessemer Group Inc. now owns 230 shares of the basic materials company's stock worth $42,000 after acquiring an additional 77 shares during the period. Ameriflex Group Inc. bought a new stake in Carpenter Technology during the fourth quarter worth $44,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Carpenter Technology by 109.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 243 shares of the basic materials company's stock valued at $45,000 after buying an additional 127 shares during the period. Institutional investors own 92.03% of the company's stock.

Insider Buying and Selling

In other Carpenter Technology news, Director Anastasios John Hart sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $243.72, for a total value of $243,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company's stock.

Carpenter Technology announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

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.