Crown (CCK) Expected to Announce Quarterly Earnings on Wednesday

Crown (NYSE:CCK) is projected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.51 per share and revenue of $2.89 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Crown Price Performance

Shares of Crown stock opened at $87.55 on Tuesday. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 108.09, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. The company has a fifty day moving average of $85.96 and a 200-day moving average of $89.20. Crown has a 52-week low of $69.61 and a 52-week high of $98.46. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup increased their target price on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird upped their price target on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, UBS Group decreased their target price on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.46.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

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.