DA Davidson Comments on Crane NXT’s Q1 Earnings (NYSE:CXT)

Crane NXT, Co. (NYSE:CXT) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of Crane NXT in a report issued on Tuesday, February 18th. DA Davidson analyst M. Summerville anticipates that the company will post earnings of $0.52 per share for the quarter. The consensus estimate for Crane NXT’s current full-year earnings is $4.18 per share. DA Davidson also issued estimates for Crane NXT’s FY2025 earnings at $4.17 EPS.

Several other analysts have also recently issued reports on the stock. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price on the stock. in a research report on Tuesday. Northland Capmk cut shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird upped their target price on shares of Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Stock Up 0.2 %

Shares of CXT stock opened at $59.24 on Thursday. The stock has a market cap of $3.39 billion, a P/E ratio of 18.57 and a beta of 1.36. Crane NXT has a 52 week low of $52.89 and a 52 week high of $67.00. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $60.98 and its two-hundred day simple moving average is $58.58.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.15%. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. Crane NXT’s dividend payout ratio is presently 21.32%.

Hedge Funds Weigh In On Crane NXT

A number of hedge funds have recently added to or reduced their stakes in CXT. Wilmington Savings Fund Society FSB bought a new position in Crane NXT in the 3rd quarter worth about $32,000. Fifth Third Bancorp lifted its position in Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after acquiring an additional 276 shares during the last quarter. Quarry LP purchased a new stake in Crane NXT during the fourth quarter valued at approximately $42,000. Covestor Ltd lifted its position in Crane NXT by 38.6% during the fourth quarter. Covestor Ltd now owns 739 shares of the company’s stock valued at $43,000 after acquiring an additional 206 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Crane NXT during the third quarter valued at approximately $45,000. 77.49% of the stock is currently owned by institutional investors.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.