Crane NXT (CXT) Expected to Announce Quarterly Earnings on Wednesday

Crane NXT (NYSE:CXT - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $405.46 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. During the same quarter in the prior year, the business earned $1.09 EPS. Crane NXT's revenue was up 14.3% on a year-over-year basis. On average, analysts expect Crane NXT to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Crane NXT Stock Down 3.3 %

NYSE CXT traded down $2.12 during trading hours on Friday, hitting $61.98. 505,816 shares of the company were exchanged, compared to its average volume of 381,679. The company has a 50 day moving average of $61.38 and a two-hundred day moving average of $58.69. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. Crane NXT has a 52-week low of $52.89 and a 52-week high of $67.00. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 20.32 and a beta of 1.36.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CXT. Baird R W upgraded Crane NXT to a "strong-buy" rating in a report on Thursday, October 17th. Robert W. Baird increased their price objective on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

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.