Northland Capmk Increases Earnings Estimates for Crane NXT

Crane NXT, Co. (NYSE:CXT) – Equities research analysts at Northland Capmk boosted their FY2024 earnings per share estimates for shares of Crane NXT in a report released on Tuesday, November 12th. Northland Capmk analyst B. Brooks now forecasts that the company will earn $4.29 per share for the year, up from their previous estimate of $4.28. The consensus estimate for Crane NXT’s current full-year earnings is $4.26 per share. Northland Capmk also issued estimates for Crane NXT’s Q1 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.19 EPS.

A number of other research firms have also recently issued reports on CXT. Robert W. Baird lifted their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. Northland Securities dropped their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $100.00 target price on shares of Crane NXT in a research report on Monday, September 30th.

Crane NXT Stock Down 0.6 %

Crane NXT stock opened at $55.29 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. The stock has a market capitalization of $3.16 billion, a PE ratio of 18.13 and a beta of 1.33. The business has a 50 day simple moving average of $56.04 and a 200-day simple moving average of $58.53. Crane NXT has a 12 month low of $50.31 and a 12 month high of $64.80.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The firm had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, November 29th. Crane NXT’s payout ratio is 20.98%.

Institutional Investors Weigh In On Crane NXT

A number of institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in Crane NXT during the first quarter worth about $343,000. Texas Permanent School Fund Corp boosted its position in Crane NXT by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 42,252 shares of the company’s stock valued at $2,615,000 after buying an additional 548 shares during the period. Sei Investments Co. boosted its position in Crane NXT by 17.9% in the 1st quarter. Sei Investments Co. now owns 140,668 shares of the company’s stock valued at $8,708,000 after buying an additional 21,360 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Crane NXT by 6.0% in the first quarter. Russell Investments Group Ltd. now owns 158,411 shares of the company’s stock worth $9,806,000 after acquiring an additional 8,926 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Crane NXT in the first quarter valued at $227,000. 77.49% of the stock is owned by institutional investors and hedge funds.

About Crane NXT

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.