Zacks Research Issues Pessimistic Estimate for CRS Earnings

Carpenter Technology Corporation (NYSE:CRS) – Stock analysts at Zacks Research reduced their Q3 2027 earnings per share estimates for shares of Carpenter Technology in a research note issued on Thursday, February 19th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $3.01 per share for the quarter, down from their previous estimate of $3.06. 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 2027 earnings at $3.34 EPS and Q2 2028 earnings at $3.20 EPS.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The company had revenue of $728.00 million during the quarter, compared to analysts’ expectations of $733.76 million. During the same period last year, the company posted $1.66 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis.

A number of other research firms have also issued reports on CRS. JPMorgan Chase & Co. increased their target price on Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 30th. KeyCorp raised Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective for the company in a research note on Thursday, November 13th. BTIG Research raised their price objective on Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a report on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $373.43.

Carpenter Technology Stock Up 1.8%

Shares of NYSE:CRS opened at $392.14 on Monday. The firm has a 50 day simple moving average of $342.00 and a 200 day simple moving average of $298.55. Carpenter Technology has a 52 week low of $138.61 and a 52 week high of $397.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25. The company has a market cap of $19.53 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

Carpenter Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, January 27th. Carpenter Technology’s dividend payout ratio (DPR) is 9.29%.

Insider Transactions at Carpenter Technology

In other Carpenter Technology news, COO Brian J. Malloy sold 4,130 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the completion of the sale, the chief operating officer owned 78,875 shares of the company’s stock, valued at $23,940,140. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Karol sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $381.12, for a total value of $1,333,920.00. Following the transaction, the director owned 225,381 shares in the company, valued at approximately $85,897,206.72. This trade represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 81,958 shares of company stock valued at $25,475,053 in the last ninety days. Insiders own 2.90% of the company’s stock.

Institutional Trading of Carpenter Technology

Several large investors have recently modified their holdings of CRS. Woodline Partners LP bought a new position in Carpenter Technology in the 1st quarter worth $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Carpenter Technology by 1.7% in the first 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 purchasing an additional 1,701 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Carpenter Technology by 7.3% in the first quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 314 shares during the period. Ethic Inc. acquired a new position in shares of Carpenter Technology during the 2nd quarter worth about $592,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Carpenter Technology during the second quarter worth approximately $228,000. 92.03% of the stock is owned by institutional investors.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks highlights CRS as a strong momentum stock driven by favorable Zacks Style Scores and upward price/earnings trends, supporting continued investor interest in the name. Here’s Why Carpenter Technology (CRS) is a Strong Momentum Stock
• Positive Sentiment: Zacks also profiles CRS as a strong growth stock based on earnings acceleration and style-score metrics — reinforcing buy-side attention from growth/momentum investors. Here’s Why Carpenter Technology (CRS) is a Strong Growth Stock
• Positive Sentiment: CRS is advancing a $400M Athens brownfield expansion to boost melt capacity ~7% with target commissioning in fiscal 2028 — a long-term capacity/cash-flow positive project that supports higher revenue potential. Can CRS’s Brownfield Expansion Project Fuel Long-Term Growth?
• Positive Sentiment: A Zacks comparison (CMC vs CRS) notes Carpenter’s strong recent earnings and upbeat outlook relative to peers, which can attract relative‑value rotation into CRS. CMC vs. CRS: Which Steel Stock Is the Better Buy Right Now?
• Neutral Sentiment: Feed includes a Zacks article about Palantir and other momentum stocks — not directly relevant to CRS but part of broader momentum-themed coverage that can lift similar names. Palantir and 2 High-Momentum Stocks to Buy Now for Big Gains
• Negative Sentiment: An analyst cut Q3 EPS estimates for Carpenter, which could pressure near-term sentiment if revisions continue; watch upcoming guidance and quarterly cadence for confirmation. Q3 EPS Forecast for Carpenter Technology Cut by Analyst
• Negative Sentiment: Director Steven E. Karol disclosed sales totaling several thousand shares at prices around $380–$381 in mid‑February — insider selling can be interpreted negatively by some investors even though remaining ownership stays large. SEC Form 4 — Steven E. Karol

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.