Crane (CR) Scheduled to Post Quarterly Earnings on Monday

Crane (NYSE:CR) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce 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.Investors that wish to register for the company’s conference call can do so using this link.

Crane (NYSE:CR) last released its earnings results on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, beating the consensus estimate of $1.24 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $568.33 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. 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

NYSE CR opened at $149.06 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The company’s fifty day moving average is $154.09 and its two-hundred day moving average is $148.09. Crane has a 52-week low of $90.91 and a 52-week high of $163.48. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 39.96, a P/E/G ratio of 1.93 and a beta of 0.77.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their price target on Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Crane has an average rating of “Moderate Buy” and an average price target of $157.33.

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.