Q4 EPS Forecast for Carpenter Technology Lifted by Analyst

Carpenter Technology Corporation (NYSE:CRS) – Research analysts at Zacks Research boosted their Q4 2027 earnings per share estimates for Carpenter Technology in a report issued on Friday, May 29th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $3.21 for the quarter, up from their prior estimate of $3.20. The consensus estimate for Carpenter Technology’s current full-year earnings is $10.54 per share.

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

CRS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $500.00 price objective on shares of Carpenter Technology in a report on Thursday, April 30th. Wells Fargo & Company boosted their price objective on Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings upgraded Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen boosted their price objective on Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Carpenter Technology presently has an average rating of “Moderate Buy” and a consensus target price of $441.00.

Carpenter Technology Trading Up 3.9%

Carpenter Technology stock opened at $487.36 on Tuesday. Carpenter Technology has a 52 week low of $228.00 and a 52 week high of $490.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.08 and a current ratio of 3.73. The stock has a market capitalization of $24.22 billion, a P/E ratio of 51.30, a PEG ratio of 1.73 and a beta of 1.24. The stock has a 50-day simple moving average of $423.34 and a 200 day simple moving average of $372.24.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. raised its position in Carpenter Technology by 3.7% during 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 in the last quarter. Abel Hall LLC raised its position in Carpenter Technology by 3.2% during 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 in the last quarter. Brown Miller Wealth Management LLC raised its position in Carpenter Technology by 2.4% during the fourth quarter. Brown Miller Wealth Management LLC now owns 1,411 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 33 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Carpenter Technology by 0.3% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,146 shares of the basic materials company’s stock valued at $3,509,000 after purchasing an additional 34 shares in the last quarter. Finally, Essential Partners LLC raised its position in Carpenter Technology by 9.9% during the first quarter. Essential Partners LLC now owns 378 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 34 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology’s payout ratio is presently 8.42%.

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.