Crane NXT, Co. (NYSE:CXT - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Crane NXT in a research note issued on Tuesday, February 18th. DA Davidson analyst M. Summerville forecasts that the company will post earnings per share of $0.52 for the quarter. The consensus estimate for Crane NXT's current full-year earnings is $4.16 per share. DA Davidson also issued estimates for Crane NXT's FY2025 earnings at $4.17 EPS.
Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%.
CXT has been the subject of a number of other research reports. Robert W. Baird increased their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research note on Tuesday. Finally, Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Crane NXT currently has an average rating of "Moderate Buy" and a consensus target price of $83.33.
View Our Latest Analysis on Crane NXT
Crane NXT Price Performance
Shares of CXT traded down $1.12 during trading hours on Thursday, reaching $58.15. The company had a trading volume of 601,218 shares, compared to its average volume of 449,177. The firm has a 50 day simple moving average of $60.94 and a 200-day simple moving average of $58.59. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 18.23 and a beta of 1.36. Crane NXT has a 12-month low of $52.89 and a 12-month high of $67.00.
Crane NXT Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.17%. This is a boost from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, February 28th. Crane NXT's dividend payout ratio is presently 20.06%.
Institutional Investors Weigh In On Crane NXT
A number of large investors have recently added to or reduced their stakes in CXT. nVerses Capital LLC acquired a new stake in Crane NXT in the 3rd quarter valued at about $45,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Crane NXT by 25.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,469 shares of the company's stock worth $251,000 after purchasing an additional 908 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Crane NXT by 0.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 82,518 shares of the company's stock worth $4,628,000 after purchasing an additional 385 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of Crane NXT by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company's stock worth $41,672,000 after purchasing an additional 114,707 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in shares of Crane NXT during the 3rd quarter worth about $948,000. 77.49% of the stock is owned by institutional investors and hedge funds.
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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