Crane (CR) Expected to Announce Quarterly Earnings on Monday

Crane (NYSE:CR) is expected to be posting its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect Crane to post earnings of $1.19 per share and revenue of $533,930.67 billion for the quarter. Crane has set its FY24 guidance at $5.05-$5.20 EPS and its FY 2024 guidance at 5.050-5.200 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Crane (NYSE:CR) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. During the same quarter last year, the firm posted $1.03 earnings per share. Crane’s revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Crane to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Crane Stock Performance

Shares of CR stock opened at $155.98 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market cap of $8.93 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.93 and a beta of 1.22. The firm’s 50 day moving average price is $165.48 and its 200-day moving average price is $157.75. Crane has a one year low of $110.49 and a one year high of $188.52.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a $0.205 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.82 annualized dividend and a dividend yield of 0.53%. Crane’s dividend payout ratio is presently 18.06%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CR. Deutsche Bank Aktiengesellschaft lifted their target price on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group increased their target price on shares of Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus downgraded shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price target for the company. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.00.

About Crane

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.