Crane (CR) Projected to Post Earnings on Monday

Crane (NYSE:CR) is projected to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

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

Crane Stock Down 1.0 %

Shares of CR stock opened at $161.21 on Friday. Crane has a fifty-two week low of $110.49 and a fifty-two week high of $188.52. The firm has a market capitalization of $9.23 billion, a PE ratio of 21.35, a P/E/G ratio of 1.93 and a beta of 1.22. The stock’s 50-day simple moving average is $163.99 and its 200-day simple moving average is $158.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane Dividend Announcement

The firm 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. This represents a $0.82 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is presently 18.06%.

Analysts Set New Price Targets

Several brokerages have recently commented on CR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. UBS Group lifted their price objective on Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus decreased their target price on Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.80.

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.