What is Zacks Research’s Forecast for CRS Q4 Earnings?

Carpenter Technology Corporation (NYSE:CRS) – Equities researchers at Zacks Research raised their Q4 2027 earnings estimates for shares of Carpenter Technology in a research note issued to investors on Friday, September 11th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $3.59 for the quarter, up from their prior estimate of $3.58. Zacks Research currently has a “Strong-Buy” 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 Q1 2028 earnings at $3.39 EPS, Q2 2028 earnings at $3.58 EPS, Q3 2028 earnings at $4.04 EPS, Q4 2028 earnings at $4.23 EPS, FY2028 earnings at $15.24 EPS and FY2029 earnings at $18.81 EPS.

Several other equities analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carpenter Technology in a report on Monday, August 31st. KeyCorp decreased their price objective on Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. BTIG Research raised their price objective on 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 boosted their target price on Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. dropped their target price on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $577.25.

Carpenter Technology Trading Down 5.1%

NYSE:CRS opened at $420.61 on Monday. The stock has a market capitalization of $20.85 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 1.57 and a beta of 1.26. 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 2.23, a current ratio of 3.81 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $527.23 and a 200 day moving average of $480.74.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.14. The firm had revenue of $679.70 million for the quarter, compared to the consensus estimate of $863.33 million. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 EPS.

Institutional Investors Weigh In On Carpenter Technology

Large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its stake in Carpenter Technology by 36.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,632 shares of the basic materials company’s stock worth $2,240,000 after acquiring an additional 969 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Carpenter Technology during the 2nd quarter worth about $1,799,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Carpenter Technology during the 2nd quarter valued at about $329,000. Integrated Wealth Concepts LLC grew its stake in Carpenter Technology by 23.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,339 shares of the basic materials company’s stock valued at $5,144,000 after purchasing an additional 1,591 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Carpenter Technology by 89.0% during the 2nd quarter. NewEdge Advisors LLC now owns 2,555 shares of the basic materials company’s stock valued at $1,576,000 after purchasing an additional 1,203 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carpenter Technology news, Director Steven Karol sold 3,275 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $474.08, for a total transaction of $1,552,612.00. Following the transaction, the director owned 177,000 shares in the company, valued at approximately $83,912,160. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tony Thene sold 57,456 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 439,631 shares in the company, valued at $212,737,440.90. The trade was a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 112,996 shares of company stock valued at $54,644,436. Insiders own 2.90% of the company’s stock.

Carpenter Technology Dividend Announcement

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