Crown Holdings, Inc. (CCK) to Issue Quarterly Dividend of $0.26 on November 20th

Crown Holdings, Inc. (NYSE:CCK) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Thursday, November 6th will be paid a dividend of 0.26 per share by the industrial products company on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 6th.

Crown has a payout ratio of 13.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Crown to earn $7.62 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 13.6%.

Crown Stock Down 0.2%

Shares of CCK opened at $98.81 on Friday. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.34 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown has a 52 week low of $75.98 and a 52 week high of $109.48. The stock has a fifty day moving average of $96.04 and a 200-day moving average of $97.71.

Crown (NYSE:CCK) last announced its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, sell-side analysts anticipate that Crown will post 6.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen lowered Crown from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. UBS Group reaffirmed a “buy” rating and set a $117.00 target price on shares of Crown in a research report on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $126.00 target price (up from $118.00) on shares of Crown in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a research report on Friday. Finally, Baird R W lowered Crown from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus price target of $118.08.

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.