Crawford & Company (NYSE:CRD.B) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Crawford & Company (NYSE:CRD.B) released its quarterly earnings data on Monday. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11, Zacks reports. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.

Crawford & Company Trading Up 3.4%

Shares of CRD.B stock traded up $0.34 on Monday, hitting $10.41. The company had a trading volume of 3,584 shares, compared to its average volume of 13,099. Crawford & Company has a twelve month low of $8.76 and a twelve month high of $11.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $507.48 million, a P/E ratio of 28.92 and a beta of 0.60. The stock’s 50-day moving average is $10.34 and its two-hundred day moving average is $10.20.

Insider Activity at Crawford & Company

In other news, SVP Tami E. Stevenson sold 7,062 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $9.90, for a total value of $69,913.80. Following the transaction, the senior vice president owned 15,186 shares in the company, valued at approximately $150,341.40. The trade was a 31.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the completion of the sale, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 58,282 shares of company stock worth $578,875 over the last quarter. 51.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Crawford & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Crawford & Company currently has an average rating of “Hold”.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.