Crown (NYSE:CCK) Releases Earnings Results, Beats Expectations By $0.08 EPS

Crown (NYSE:CCK - Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08, Zacks reports. Crown had a return on equity of 25.12% and a net margin of 3.59%. Crown updated its Q1 2025 guidance to 1.200-1.300 EPS and its FY 2025 guidance to 6.600-7.000 EPS.

Crown Stock Down 0.4 %

NYSE CCK traded down $0.34 during mid-day trading on Friday, hitting $87.01. The company's stock had a trading volume of 1,084,221 shares, compared to its average volume of 1,482,449. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.88. The company's 50 day simple moving average is $85.45 and its 200 day simple moving average is $89.28. Crown has a twelve month low of $70.84 and a twelve month high of $98.46. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.68 and a beta of 0.87.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Bank of America dropped their price objective on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, January 6th. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research report on Friday. Citigroup lifted their price target on shares of Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Loop Capital increased their price target on Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.92.

About Crown

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.