Crane (NYSE:CR - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.710-4.860 for the period, compared to the consensus EPS estimate of 5.160. The company issued revenue guidance of -.
Crane Price Performance
NYSE:CR traded down $4.70 during mid-day trading on Tuesday, reaching $159.71. 248,652 shares of the stock were exchanged, compared to its average volume of 235,875. The business has a fifty day moving average price of $168.38 and a 200 day moving average price of $156.19. The firm has a market capitalization of $9.14 billion, a PE ratio of 35.18, a PEG ratio of 1.93 and a beta of 0.93. 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 has a 1-year low of $110.20 and a 1-year high of $188.52.
Crane (NYSE:CR - Get Free Report) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating the consensus estimate of $1.32 by $0.06. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. Crane's revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. Research analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.
Crane Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders 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 yield of 0.51%. Crane's payout ratio is presently 18.06%.
Analyst Ratings Changes
Several research firms have commented on CR. Stifel Nicolaus downgraded shares of Crane from a "buy" rating to a "hold" rating and set a $176.00 target price for the company. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Crane from $175.00 to $182.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.00.
View Our Latest Analysis on Crane
About Crane
(
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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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