Crane (CR) Projected to Post Quarterly Earnings on Monday

Crane (NYSE:CR) will likely be releasing its earnings data after the market closes on Monday, January 27th. Analysts expect Crane to post earnings of $1.19 per share and revenue of $533,930.67 billion for the quarter. Crane has set its FY24 guidance at $5.05-$5.20 EPS and its FY 2024 guidance at 5.050-5.200 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $594.45 million. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts expect Crane to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Crane Stock Down 1.0 %

Shares of NYSE CR opened at $161.21 on Friday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a 52 week low of $110.49 and a 52 week high of $188.52. The firm has a 50-day moving average price of $163.99 and a 200 day moving average price of $158.29. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a dividend of $0.205 per share. The ex-dividend date was Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.51%. Crane’s payout ratio is 18.06%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group raised their price objective on Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Stifel Nicolaus cut their price target on Crane from $176.00 to $170.00 and set a “hold” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Crane currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.80.

About Crane

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.