What is Zacks Research’s Forecast for CRS FY2027 Earnings?

Carpenter Technology Corporation (NYSE:CRS) – Equities researchers at Zacks Research increased their FY2027 earnings estimates for shares of Carpenter Technology in a research report issued on Wednesday, September 16th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $12.82 per share for the year, up from their previous estimate of $12.80. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $13.28 per share. Zacks Research also issued estimates for Carpenter Technology’s Q4 2027 earnings at $3.60 EPS, Q2 2028 earnings at $3.59 EPS and FY2028 earnings at $15.26 EPS.

Carpenter Technology (NYSE:CRS) last posted its 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. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million for the quarter, compared to analyst estimates of $863.33 million. During the same period last year, the company earned $2.21 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year.

Several other equities analysts also recently commented on CRS. KeyCorp lowered their price target on Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Susquehanna lowered their target price on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. BTIG Research boosted their target price on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price target on Carpenter Technology from $425.00 to $540.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a research note on Monday, August 31st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $577.25.

Carpenter Technology Stock Performance

Shares of NYSE CRS opened at $411.25 on Thursday. The business’s 50-day simple moving average is $520.20 and its 200-day simple moving average is $480.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. Carpenter Technology has a 52 week low of $228.00 and a 52 week high of $625.98. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 1.47 and a beta of 1.26.

Hedge Funds Weigh In On Carpenter Technology

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Carpenter Technology during the 2nd quarter worth about $3,834,623,000. Jennison Associates LLC acquired a new stake in shares of Carpenter Technology during the 1st quarter valued at about $317,411,000. SurgoCap Partners LP acquired a new stake in shares of Carpenter Technology during the 2nd quarter valued at about $423,444,000. Sands Capital Management LLC bought a new stake in Carpenter Technology in the fourth quarter valued at about $195,731,000. Finally, Norges Bank bought a new stake in Carpenter Technology in the fourth quarter valued at about $195,254,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ramin Younessi sold 438 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $493.15, for a total transaction of $215,999.70. Following the completion of the transaction, the director owned 1,953 shares of the company’s stock, valued at approximately $963,121.95. This represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony R. Thene sold 57,456 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the completion of the sale, the chief executive officer owned 439,631 shares of the company’s stock, valued at approximately $212,737,440.90. The trade was a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 112,996 shares of company stock worth $54,644,436 in the last ninety days. Insiders own 2.90% of the company’s stock.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, August 25th. Carpenter Technology’s dividend payout ratio (DPR) is currently 7.60%.

About Carpenter Technology

Carpenter Technology Corporation is a manufacturer of premium specialty alloys and engineered materials for demanding applications. The company develops and produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, wear, and stress.

Its products are used in the aerospace and defense, medical, energy, transportation, industrial, and consumer sectors. Carpenter also provides specialty manufacturing capabilities, including additive manufacturing powders, precision-engineered components, and materials tailored to specific customer requirements.