Crane NXT, Co. (NYSE:CXT - Free Report) - Equities research analysts at Northland Capmk raised their FY2024 earnings estimates for shares of Crane NXT in a note issued to investors on Tuesday, November 12th. Northland Capmk analyst B. Brooks now expects that the company will post earnings of $4.29 per share for the year, up from their previous forecast of $4.28. The consensus estimate for Crane NXT's current full-year earnings is $4.26 per share. Northland Capmk also issued estimates for Crane NXT's Q1 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.19 EPS.
CXT has been the subject of a number of other research reports. Baird R W raised shares of Crane NXT to a "strong-buy" rating in a research report on Thursday, October 17th. Northland Securities dropped their target price on Crane NXT from $96.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, October 7th. DA Davidson restated a "buy" rating and issued a $100.00 price objective on shares of Crane NXT in a report on Monday, September 30th. Finally, Robert W. Baird lifted their target price on Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.
Check Out Our Latest Analysis on CXT
Crane NXT Stock Performance
CXT stock traded down $0.89 during trading hours on Wednesday, reaching $55.64. The stock had a trading volume of 196,627 shares, compared to its average volume of 348,597. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. Crane NXT has a fifty-two week low of $50.31 and a fifty-two week high of $64.80. The stock has a 50-day simple moving average of $56.09 and a 200 day simple moving average of $58.57. The stock has a market capitalization of $3.18 billion, a PE ratio of 18.29 and a beta of 1.33.
Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. The firm had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business's revenue was up 14.3% on a year-over-year basis.
Crane NXT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.16 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. Crane NXT's dividend payout ratio is presently 20.98%.
Hedge Funds Weigh In On Crane NXT
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. grew its stake in shares of Crane NXT by 93.4% in the second quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company's stock worth $69,716,000 after acquiring an additional 548,155 shares during the period. Capital International Investors boosted its position in shares of Crane NXT by 40.0% during the 1st quarter. Capital International Investors now owns 653,052 shares of the company's stock valued at $40,424,000 after acquiring an additional 186,437 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Crane NXT by 97.0% during the 2nd quarter. Hsbc Holdings PLC now owns 247,842 shares of the company's stock valued at $15,222,000 after buying an additional 122,056 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of Crane NXT by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company's stock valued at $41,672,000 after purchasing an additional 114,707 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN purchased a new position in Crane NXT during the second quarter worth $3,565,000. 77.49% of the stock is currently owned by institutional investors.
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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