Crown (CCK) Projected to Post Quarterly Earnings on Wednesday

Crown (NYSE:CCK) is expected to be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.51 per share and revenue of $2.89 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Crown Price Performance

Crown stock opened at $88.81 on Wednesday. The stock has a market cap of $10.62 billion, a P/E ratio of 109.64, a PEG ratio of 1.68 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The company has a 50-day moving average price of $86.25 and a 200 day moving average price of $88.90. Crown has a 12-month low of $69.61 and a 12-month high of $98.46.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares in the company, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCK. Barclays boosted their target price on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Crown from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group dropped their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Bank of America decreased their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Truist Financial increased their target price on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.46.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.