Zacks Research Has Positive Estimate for CRS Q1 Earnings

Carpenter Technology Co. (NYSE:CRS) – Research analysts at Zacks Research boosted their Q1 2026 earnings per share estimates for shares of Carpenter Technology in a research note issued on Wednesday, November 20th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings of $1.75 per share for the quarter, up from their previous estimate of $1.74. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.61 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2026 earnings at $1.72 EPS, Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $7.12 EPS, Q1 2027 earnings at $2.01 EPS and FY2027 earnings at $8.50 EPS.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.58 by $0.15. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The firm had revenue of $717.60 million for the quarter, compared to analyst estimates of $742.96 million. During the same period in the previous year, the company posted $0.88 EPS. Carpenter Technology’s revenue for the quarter was up 10.1% on a year-over-year basis.

A number of other equities analysts have also issued reports on CRS. Benchmark reaffirmed a “buy” rating and issued a $175.00 target price on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. started coverage on Carpenter Technology in a research report on Friday. They issued an “overweight” rating and a $220.00 target price on the stock. Finally, BTIG Research upped their price target on Carpenter Technology from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.00.

Carpenter Technology Stock Performance

Shares of CRS opened at $180.98 on Friday. The business’s 50 day moving average is $161.90 and its two-hundred day moving average is $134.76. Carpenter Technology has a 52-week low of $58.87 and a 52-week high of $187.03. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 0.94 and a beta of 1.46. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42.

Institutional Investors Weigh In On Carpenter Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in Carpenter Technology by 47.1% during the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock worth $552,992,000 after buying an additional 1,108,963 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in Carpenter Technology during the 2nd quarter worth $73,850,000. Bayberry Capital Partners LP bought a new position in Carpenter Technology during the 1st quarter worth $35,887,000. American Century Companies Inc. grew its stake in Carpenter Technology by 129.5% during the 2nd quarter. American Century Companies Inc. now owns 849,097 shares of the basic materials company’s stock worth $93,044,000 after buying an additional 479,047 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Carpenter Technology by 1,538.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 213,391 shares of the basic materials company’s stock worth $34,053,000 after buying an additional 200,364 shares during the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, October 22nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Tuesday, October 22nd. Carpenter Technology’s dividend payout ratio is currently 17.82%.

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.