Keybanc has upgraded Carpenter Technology Corp (CRS) to Overweight from Sector Weight, reflecting a more optimistic outlook on the company's prospects. This change, effective November 12, 2025, may indicate improved fundamentals or heightened confidence in Carpenter's strategic direction.
Headquartered in Philadelphia, Pennsylvania, Carpenter Technology engages in the manufacturing, fabrication, and distribution of specialty metals. The company operates across two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). With a market capitalization of $15.5 billion and a P/E ratio of 37.55, Carpenter has reported an EPS of 8.17 and a dividend yield of 25.3%.
The upcoming earnings report scheduled for July 28, 2026, is anticipated to show an EPS of $2.88 and revenue of $861.1 million. Recent performance has been strong, with the most recent quarter (Q1 2026) showing an EPS of $2.43, surpassing estimates by 11%. Such results highlight the company's ability to exceed market expectations consistently.
Analyst ratings, such as this upgrade, represent professional assessments based on extensive research and financial modeling. They can provide valuable insights, yet they should be considered alongside other factors, including company fundamentals and industry trends. As of November 1, 2025, the analyst consensus for Carpenter Technology is a Buy, with 3 Strong Buy, 7 Buy, and 3 Hold ratings out of 13 total.
This update provides insight into the evolving market sentiment surrounding Carpenter Technology Corp and its potential for future growth.