Crane NXT (NYSE:CXT) Posts Earnings Results, Beats Expectations By $0.06 EPS

Crane NXT (NYSE:CXT) issued its quarterly earnings results on Wednesday. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06, FiscalAI reports. The company had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. Crane NXT updated its FY 2026 guidance to 4.220-4.420 EPS.

Crane NXT Trading Down 4.6%

Crane NXT stock traded down $2.50 during trading hours on Wednesday, hitting $52.18. The stock had a trading volume of 828,370 shares, compared to its average volume of 588,649. The business’s 50 day simple moving average is $47.32 and its 200-day simple moving average is $46.50. Crane NXT has a one year low of $35.71 and a one year high of $69.00. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 23.30 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CXT. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT during the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after buying an additional 391 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Crane NXT during the fourth quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Crane NXT during the fourth quarter valued at $52,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CXT shares. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, May 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Crane NXT in a research note on Friday, July 31st. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a report on Friday, May 8th. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Oppenheimer dropped their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Company Profile

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.