Crown (CCK) Set to Announce Quarterly Earnings on Monday

Crown (NYSE:CCK) will release its earnings data after the market closes on Monday, April 29th. Analysts expect Crown to post earnings of $0.96 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Crown (NYSE:CCK) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.19). Crown had a return on equity of 25.75% and a net margin of 3.75%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts expect Crown to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Crown Stock Up 1.0 %

Shares of NYSE CCK opened at $80.59 on Friday. Crown has a 52 week low of $69.61 and a 52 week high of $96.35. The business has a 50-day simple moving average of $77.26 and a two-hundred day simple moving average of $82.63. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The company has a market cap of $9.73 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.67 and a beta of 0.91.

Crown Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Crown’s previous quarterly dividend of $0.24. Crown’s payout ratio is currently 26.60%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Crown from $110.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Mizuho cut their price objective on shares of Crown from $105.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Truist Financial reaffirmed a “hold” rating and issued a $88.00 price objective (down previously from $100.00) on shares of Crown in a research note on Wednesday, March 27th. Wolfe Research assumed coverage on shares of Crown in a research note on Friday, March 1st. They issued an “outperform” rating and a $102.00 price objective for the company. Finally, UBS Group assumed coverage on shares of Crown in a research note on Tuesday, January 16th. They issued a “buy” rating and a $112.00 price objective for the company. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.21.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.