Zacks Research Has Bullish Estimate for CRS FY2025 Earnings

Carpenter Technology Co. (NYSE:CRS) – Equities researchers at Zacks Research raised their FY2025 earnings estimates for Carpenter Technology in a research note issued on Thursday, May 15th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings per share of $7.27 for the year, up from their prior forecast of $6.94. The consensus estimate for Carpenter Technology’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Carpenter Technology’s Q4 2025 earnings at $2.00 EPS, Q1 2026 earnings at $1.93 EPS and Q2 2026 earnings at $1.92 EPS.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Carpenter Technology from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. BTIG Research set a $230.00 price objective on shares of Carpenter Technology in a research report on Friday, January 31st. Finally, Northcoast Research raised shares of Carpenter Technology from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Carpenter Technology has an average rating of “Moderate Buy” and an average price target of $168.00.

Carpenter Technology Stock Up 0.8%

CRS stock opened at $232.27 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. The stock has a market capitalization of $11.56 billion, a P/E ratio of 43.82, a P/E/G ratio of 0.93 and a beta of 1.33. Carpenter Technology has a fifty-two week low of $95.17 and a fifty-two week high of $234.52. The business has a 50-day moving average of $188.18 and a 200-day moving average of $187.36.

Carpenter Technology (NYSE:CRS) last released its earnings results on Thursday, April 24th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.14. The firm had revenue of $727.00 million during the quarter, compared to analysts’ expectations of $729.67 million. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.34%. Carpenter Technology’s dividend payout ratio is presently 11.33%.

Carpenter Technology declared that its board has approved a stock repurchase plan on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Carpenter Technology

In other Carpenter Technology news, Director I Martin Inglis sold 3,433 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $197.66, for a total transaction of $678,566.78. Following the transaction, the director now owns 6,732 shares of the company’s stock, valued at $1,330,647.12. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Trading of Carpenter Technology

A number of hedge funds have recently made changes to their positions in CRS. Pictet Asset Management Holding SA boosted its position in Carpenter Technology by 14.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,865 shares of the basic materials company’s stock worth $1,165,000 after purchasing an additional 877 shares during the period. Manuka Financial LLC acquired a new position in Carpenter Technology in the 4th quarter valued at about $368,000. Park Avenue Securities LLC bought a new position in Carpenter Technology in the 4th quarter valued at about $419,000. XML Financial LLC raised its holdings in Carpenter Technology by 215.3% in the 4th quarter. XML Financial LLC now owns 9,460 shares of the basic materials company’s stock valued at $1,605,000 after acquiring an additional 6,460 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Carpenter Technology during the fourth quarter worth approximately $18,731,000. 92.03% of the stock is owned by institutional investors and hedge funds.

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.