Carpenter Technology (CRS) to Release Quarterly Earnings on Wednesday

Carpenter Technology (NYSE:CRS) is expected to post its Q3 2026 results before the market opens on Wednesday, April 29th. Analysts expect Carpenter Technology to post earnings of $2.60 per share and revenue of $797.8230 million for the quarter. Individuals may visit the the company’s upcoming Q3 2026 earning results page for the latest details on the call scheduled for Wednesday, April 29, 2026 at 10:00 AM ET.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The company had revenue of $728.00 million for the quarter, compared to the consensus estimate of $733.76 million. During the same quarter in the previous year, the business earned $1.66 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect Carpenter Technology to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Carpenter Technology Stock Performance

Shares of Carpenter Technology stock opened at $428.24 on Tuesday. The business’s fifty day simple moving average is $401.77 and its 200-day simple moving average is $348.05. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35. The firm has a market cap of $21.33 billion, a PE ratio of 49.74, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. Carpenter Technology has a 52 week low of $188.12 and a 52 week high of $459.18.

Carpenter Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. Carpenter Technology’s dividend payout ratio is presently 9.29%.

Insider Transactions at Carpenter Technology

In other Carpenter Technology news, Director Steven E. Karol sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $381.12, for a total transaction of $1,333,920.00. Following the sale, the director directly owned 225,381 shares in the company, valued at $85,897,206.72. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James D. Dee sold 15,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the completion of the transaction, the senior vice president directly owned 73,739 shares of the company’s stock, valued at approximately $28,889,465.42. The trade was a 17.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,300 shares of company stock worth $8,664,044 over the last quarter. Insiders own 2.90% of the company’s stock.

Institutional Trading of Carpenter Technology

A number of large investors have recently modified their holdings of CRS. Meeder Advisory Services Inc. increased its stake in Carpenter Technology by 3.7% in the fourth quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 32 shares during the period. Abel Hall LLC increased its stake in Carpenter Technology by 3.2% in the fourth quarter. Abel Hall LLC now owns 1,019 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 32 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Carpenter Technology by 1.9% in the fourth quarter. Vontobel Holding Ltd. now owns 2,457 shares of the basic materials company’s stock valued at $774,000 after buying an additional 46 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Carpenter Technology by 7.7% in the second quarter. Lazard Asset Management LLC now owns 857 shares of the basic materials company’s stock valued at $236,000 after buying an additional 61 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of Carpenter Technology by 26.1% during the fourth quarter. ARK Investment Management LLC now owns 304 shares of the basic materials company’s stock worth $96,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRS shares. KeyCorp lifted their price target on shares of Carpenter Technology from $380.00 to $453.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a report on Tuesday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Carpenter Technology from $394.00 to $465.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Wells Fargo & Company initiated coverage on Carpenter Technology in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $403.11.

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.