Carpenter Technology (CRS) Expected to Announce Quarterly Earnings on Thursday

Carpenter Technology (NYSE:CRS) will likely be announcing its Q1 2027 results before the market opens on Thursday, October 22nd. Analysts expect Carpenter Technology to announce earnings of $3.04 per share and revenue of $830.85 million for the quarter. Interested persons can check the company’s upcoming Q1 2027 earnings results page for the latest details on the call scheduled for Thursday, October 22, 2026 at 10:00 AM ET.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The business had revenue of $679.70 million for the quarter, compared to analysts’ expectations of $863.33 million. During the same quarter in the previous year, the business posted $2.21 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. On average, analysts expect Carpenter Technology to post $13.30 EPS for the current fiscal year and $15.84 EPS for the next fiscal year.

Carpenter Technology Trading Down 1.6%

Shares of CRS opened at $372.44 on Wednesday. The company’s fifty day simple moving average is $436.33 and its 200-day simple moving average is $480.98. The company has a market cap of $18.46 billion, a P/E ratio of 35.40, a P/E/G ratio of 1.34 and a beta of 1.29. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. Carpenter Technology has a twelve month low of $240.47 and a twelve month high of $625.98.

Carpenter Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Tuesday, October 20th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is currently 7.60%.

Analyst Ratings Changes

Several brokerages recently commented on CRS. Wells Fargo & Company cut their price target on shares of Carpenter Technology from $540.00 to $430.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 30th. JPMorgan Chase & Co. decreased their price objective on shares of Carpenter Technology from $700.00 to $520.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Zacks Research downgraded shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research report on Monday, August 31st. Finally, BTIG Research upped their target price on Carpenter Technology from $450.00 to $620.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Carpenter Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $504.38.

Insiders Place Their Bets

In other news, Director Ramin Younessi sold 438 shares of the business’s stock in a transaction on 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 sale, the director directly owned 1,953 shares of the company’s stock, valued at approximately $963,121.95. The trade was a 18.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony R. Thene sold 57,456 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 439,631 shares of the company’s stock, valued at $212,737,440.90. This represents a 11.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,996 shares of company stock worth $54,644,436 over the last quarter. Company insiders own 2.90% of the company’s stock.

About Carpenter Technology

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

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.