Younessi Ramin sold $216K of CRS

KeyBanc downgraded Carpenter Technology (CRS) to Sector Weight from Overweight, citing weaker near-term earnings and uncertainty in aerospace production and defense spending, despite expected long-term growth.

KeyBanc downgraded Carpenter Technology (CRS) to Sector Weight from Overweight due to softer second-quarter fiscal 2027 guidance and market sentiment. The stock has dropped 24.75% in a week, trading near its 52-week low. Carpenter's Q1 earnings beat estimates with $3.25 EPS but missed revenue forecasts at $798.5M. The company maintained its full-year free cash flow target of $400M-$430M. Susquehanna adjusted its price target to $450 from $600, keeping a Positive rating.

Susquehanna reduced its price target for Carpenter Technology (CRS) to $450 from $600, citing valuation concerns. CRS shares are down 22% this week. The company's Q1 results were in-line with expectations, but revenue missed estimates. Management maintained its fiscal 2027 operating income outlook and highlighted growth opportunities in aerospace and defense.

Carpenter Technology (CRS) reported Q1 adjusted EPS of $3.25, sales of $798.2M (up 8.8% YoY), and operating income of $196.4M (up 28%). The company announced a $1.0B stock buyback. Q2 operating income guidance is $192M–$197M. Adjusted SAO operating margin was 37.7%, flat from Q4 FY2026. CRS is hosting a live Q1 2027 earnings call.

Carpenter Technology (CRS) reported Q1 FY27 record operating income of $196.4M, up 28% YoY, and raised FY27 outlook to $850M-$880M. Net income was $162.5M ($3.25/diluted share), with net sales at $798.2M. Aerospace and defense drove growth, with sales up 10% YoY. The company authorized a $1B share repurchase program and expects FY27 free cash flow of $400M-$430M.

Carpenter Technology Corp (CRS) reported Q1 2027 earnings with total sales excluding surcharge down 7% sequentially due to maintenance outages. Free cash flow was negative $24.8M. CEO Tony Thene expressed stronger demand and pricing confidence, citing accelerating bookings and supply-demand gaps. He highlighted potential upside in volume, productivity, and pricing. The company maintained FY2027 free cash flow guidance of $400M-$430M.