Crane (NYSE:CR – Get Free Report) issued its quarterly earnings results on Monday. The conglomerate reported $1.30 EPS for the quarter, topping the consensus estimate of $1.24 by $0.06, Briefing.com reports. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $581.00 million during the quarter, compared to analyst estimates of $568.33 million. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Crane updated its FY24 guidance to $4.95-$5.15 EPS and its FY 2024 guidance to 4.950-5.150 EPS.
Crane Stock Up 6.1 %
NYSE:CR traded up $9.30 during mid-day trading on Wednesday, hitting $160.72. The stock had a trading volume of 274,440 shares, compared to its average volume of 239,981. The stock has a 50-day simple moving average of $146.69 and a two-hundred day simple moving average of $136.33. The company has a market capitalization of $9.19 billion, a PE ratio of 43.01, a PEG ratio of 1.93 and a beta of 0.81. Crane has a twelve month low of $82.57 and a twelve month high of $162.28. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.
Crane Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.82 annualized dividend and a dividend yield of 0.51%. Crane’s dividend payout ratio is presently 21.98%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on CR
Crane Company Profile
Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.
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