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Carpenter Technology Corp (NYSE:CRS) has reached a significant milestone as its stock hit an all-time high of 283.87 USD. According to InvestingPro data, this achievement comes as the company experiences a remarkable 1-year return of 137.46%, with the stock currently trading near its 52-week high of 282.99 USD. The company maintains strong financial health with an impressive current ratio of 3.75, indicating robust liquidity management. The surge in stock price underscores Carpenter Technology’s robust growth trajectory and its ability to capitalize on favorable market conditions. With an "GREAT" overall financial health score from InvestingPro, and analyst targets reaching as high as $375, the company’s momentum appears strong. As the company continues to innovate and expand its capabilities, investors are closely watching its next moves in the competitive landscape, with earnings results expected in just 14 days.
In other recent news, Carpenter Technology Corporation reported its fiscal third-quarter earnings for 2025, exceeding expectations with an earnings per share (EPS) of $1.88, surpassing the projected $1.73. However, the company’s revenue slightly missed forecasts, coming in at $727 million against the anticipated $729.67 million. Despite this minor shortfall, the company increased its fiscal year 2025 operating income guidance, projecting a range of $520 million to $527 million. Analyst Josh Sullivan from Benchmark raised the price target for Carpenter Technology to $300, maintaining a Buy rating, highlighting the company’s strong position in the aerospace alloys sector and its strategic investments in capacity expansion.
KeyBanc maintained a Sector Weight rating for Carpenter Technology, noting the company’s robust demand for jet engine components and a strong pricing and product mix. The firm adjusted its fiscal year 2025 and 2026 estimates upward, but expressed caution about valuation levels and potential growth challenges in 2026. Carpenter Technology’s recent $400 million investment in the Athens Vacuum Induction Melting facility is expected to enhance its competitive edge, addressing the structural shortage in aerospace alloys.
The ongoing strength in the aerospace sector, particularly in jet engine demand, remains a significant growth driver for Carpenter Technology, accounting for 60% of its revenue. The company’s focus on aerospace and energy markets has contributed to its robust financial performance, with operating income rising by 53% year-over-year. Carpenter Technology projects further growth, anticipating operating income of $765 million to $800 million by FY2027, with a compound annual growth rate of 25% over the next two years.
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