Crane NXT (NYSE:CXT - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.01, Zacks reports. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Crane NXT updated its FY 2025 guidance to 4.000-4.300 EPS.
Crane NXT Stock Up 3.4 %
Shares of CXT stock traded up $1.98 during mid-day trading on Friday, hitting $59.78. The company's stock had a trading volume of 857,349 shares, compared to its average volume of 381,679. Crane NXT has a 52-week low of $52.89 and a 52-week high of $67.00. The business has a 50-day moving average price of $61.13 and a 200 day moving average price of $58.57. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 19.60 and a beta of 1.36.
Crane NXT Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is currently 20.98%.
Analyst Ratings Changes
Separately, Robert W. Baird boosted their price target on Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.
Get Our Latest Stock Analysis on CXT
About Crane NXT
(
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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.
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