Crane (CR) Set to Announce Quarterly Earnings on Monday

Crane (NYSE:CR) will be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Crane to post earnings of $1.29 per share for the quarter. Crane has set its FY24 guidance at $4.95-$5.15 EPS and its FY 2024 guidance at 4.950-5.150 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Crane (NYSE:CR) last posted its earnings results on Monday, July 29th. The conglomerate reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $568.33 million. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 14.0% 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 Crane stock opened at $159.79 on Monday. The business’s fifty day simple moving average is $153.83 and its 200-day simple moving average is $147.58. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.13 billion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77. Crane has a 52 week low of $82.57 and a 52 week high of $163.48.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Crane has an average rating of “Moderate Buy” and a consensus price target of $157.33.

Crane Company Profile

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.