Analysts predict that Crane Co. (NYSE:CR) will report $1.39 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Crane’s earnings. The lowest EPS estimate is $1.32 and the highest is $1.43. Crane reported earnings of $1.31 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The firm is expected to issue its next quarterly earnings report on Monday, April 22nd.
According to Zacks, analysts expect that Crane will report full-year earnings of $6.35 per share for the current year, with EPS estimates ranging from $6.25 to $6.40. For the next fiscal year, analysts expect that the firm will report earnings of $7.03 per share, with EPS estimates ranging from $6.90 to $7.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Crane.
Crane (NYSE:CR) last announced its quarterly earnings data on Monday, January 28th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.10. Crane had a net margin of 10.03% and a return on equity of 24.54%. The company had revenue of $839.70 million during the quarter, compared to analysts’ expectations of $862.96 million. During the same quarter in the prior year, the company posted $1.18 EPS. The business’s revenue was up 17.6% on a year-over-year basis.
A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of Crane from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Seaport Global Securities restated a “buy” rating and issued a $105.00 price objective on shares of Crane in a research note on Wednesday, January 30th. BMO Capital Markets restated a “buy” rating on shares of Crane in a research note on Friday, January 11th. CIBC restated a “hold” rating and issued a $1.50 price objective on shares of Crane in a research note on Friday, February 1st. Finally, William Blair cut shares of Crane from an “outperform” rating to a “market perform” rating and set a $79.14 price objective for the company. in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $88.66.
Shares of CR stock opened at $85.30 on Friday. Crane has a 52-week low of $67.18 and a 52-week high of $100.14. The firm has a market capitalization of $5.02 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.13 and a beta of 1.42. The company has a quick ratio of 1.28, a current ratio of 1.84 and a debt-to-equity ratio of 0.62.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Thursday, February 28th will be issued a $0.39 dividend. This is a positive change from Crane’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.56 annualized dividend and a dividend yield of 1.83%. Crane’s dividend payout ratio is presently 23.37%.
In other Crane news, VP James A. Lavish sold 10,896 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $82.90, for a total transaction of $903,278.40. Following the sale, the vice president now owns 23,527 shares of the company’s stock, valued at approximately $1,950,388.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP James A. Lavish sold 5,150 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $84.94, for a total transaction of $437,441.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,149 shares of company stock worth $6,026,127. 3.00% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in Crane during the 4th quarter worth about $34,000. Quantamental Technologies LLC bought a new stake in Crane during the 4th quarter worth about $42,000. Enlightenment Research LLC bought a new stake in Crane during the 4th quarter worth about $43,000. SRS Capital Advisors Inc. grew its holdings in Crane by 183.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 749 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 485 shares during the last quarter. Finally, ETF Managers Group LLC boosted its stake in shares of Crane by 17.3% in the 4th quarter. ETF Managers Group LLC now owns 1,422 shares of the conglomerate’s stock valued at $103,000 after purchasing an additional 210 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.
Crane Company Profile
Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
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