Zacks Research Analysts Increase Earnings Estimates for CRS

Carpenter Technology Corporation (NYSE:CRS) – Equities researchers at Zacks Research raised their Q1 2027 EPS estimates for Carpenter Technology in a research note issued to investors on Friday, July 17th. Zacks Research analyst Team now expects that the basic materials company will earn $2.83 per share for the quarter, up from their previous estimate of $2.82. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.58 per share. Zacks Research also issued estimates for Carpenter Technology’s Q2 2027 earnings at $2.85 EPS, Q4 2027 earnings at $3.25 EPS, FY2027 earnings at $12.12 EPS, Q1 2028 earnings at $3.24 EPS, Q2 2028 earnings at $3.36 EPS, Q4 2028 earnings at $4.00 EPS and FY2028 earnings at $14.49 EPS.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.18. The company had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS.

CRS has been the topic of several other reports. TD Cowen raised their target price on Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, July 13th. KeyCorp boosted their price target on Carpenter Technology from $459.00 to $644.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Weiss Ratings cut shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company lifted their price target on Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Susquehanna lifted their price target on Carpenter Technology from $495.00 to $680.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $556.75.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $555.58 on Monday. Carpenter Technology has a 52-week low of $228.00 and a 52-week high of $625.98. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $27.61 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The business has a 50-day simple moving average of $527.54 and a 200-day simple moving average of $432.81.

Institutional Trading of Carpenter Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Carpenter Technology in the 1st quarter valued at approximately $30,000. SJS Investment Consulting Inc. boosted its position in shares of Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Carpenter Technology by 1,228.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 86 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of Carpenter Technology during the 2nd quarter worth approximately $28,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the completion of the sale, the vice president owned 18,344 shares of the company’s stock, valued at approximately $8,096,307.84. This represents a 39.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the sale, the director owned 750 shares of the company’s stock, valued at $317,895. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by corporate insiders.

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.