Research Analysts Set Expectations for CRS Q2 Earnings

Posted by Geri Gentry on Oct 27th, 2026

Carpenter Technology Corporation (NYSE:CRS – Free Report) – Investment analysts at KeyCorp issued their Q2 2027 earnings per share (EPS) estimates for Carpenter Technology in a note issued to investors on Sunday, October 25th. KeyCorp analyst S. Mckinney expects that the basic materials company will post earnings of $2.94 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $13.35 per share. KeyCorp also issued estimates for Carpenter Technology’s Q3 2027 earnings at $3.45 EPS, Q4 2027 earnings at $3.81 EPS and FY2028 earnings at $16.00 EPS.

Carpenter Technology (NYSE:CRS – Get Free Report) last released its earnings results on Thursday, October 22nd. The basic materials company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.21. Carpenter Technology had a return on equity of 27.50% and a net margin of 17.87%. The firm had revenue of $634.80 million for the quarter, compared to analysts’ expectations of $830.85 million. During the same period in the prior year, the firm posted $2.43 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis.

Several other analysts also recently commented on CRS. Susquehanna reissued a “positive” rating and set a $450.00 price objective on shares of Carpenter Technology in a research report on Friday. Weiss Ratings cut shares of Carpenter Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Zacks Research downgraded shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen cut their price target on shares of Carpenter Technology from $650.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $476.43.

View Our Latest Stock Report on CRS

Carpenter Technology Stock Performance

Shares of Carpenter Technology stock opened at $290.51 on Tuesday. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 0.99 and a beta of 1.29. The firm’s 50-day moving average is $419.35 and its 200 day moving average is $443.26. Carpenter Technology has a 1 year low of $275.60 and a 1 year high of $625.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.94 and a quick ratio of 2.05.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Tuesday, October 20th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. Carpenter Technology’s payout ratio is 7.05%.

Insiders Place Their Bets

In other news, Director Ramin Younessi sold 438 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $493.15, for a total transaction of $215,999.70. Following the sale, the director owned 1,953 shares of the company’s stock, valued at $963,121.95. This trade represents a 18.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tony R. Thene sold 57,456 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 439,631 shares in the company, valued at approximately $212,737,440.90. The trade was a 11.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 112,996 shares of company stock valued at $54,644,436. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRS. Oppenheimer & Co. Inc. lifted its holdings in shares of Carpenter Technology by 1.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,933 shares of the basic materials company’s stock valued at $1,529,000 after buying an additional 67 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Carpenter Technology by 10.3% in the third quarter. Park Avenue Securities LLC now owns 4,193 shares of the basic materials company’s stock worth $1,630,000 after acquiring an additional 392 shares during the period. Sowell Financial Services LLC increased its position in Carpenter Technology by 36.4% during the third quarter. Sowell Financial Services LLC now owns 1,072 shares of the basic materials company’s stock valued at $417,000 after acquiring an additional 286 shares during the last quarter. Gibbs Wealth Management increased its position in Carpenter Technology by 9.6% during the third quarter. Gibbs Wealth Management now owns 1,640 shares of the basic materials company’s stock valued at $638,000 after acquiring an additional 143 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Carpenter Technology by 11.7% during the third quarter. Inspire Investing LLC now owns 2,980 shares of the basic materials company’s stock valued at $1,159,000 after acquiring an additional 313 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

About Carpenter Technology

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Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.