Crane (CR) to Release Earnings on Monday

Crane (NYSE:CR - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Crane has set its FY24 guidance at $4.95-$5.15 EPS and its FY 2024 guidance at 4.950-5.150 EPS.Investors interested in participating in the company's conference call can do so using this link.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The conglomerate reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.06. The company had revenue of $581.00 million for the quarter, compared to analysts' expectations of $568.33 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, analysts expect Crane to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Crane Trading Down 0.9 %

Shares of NYSE CR traded down $1.40 during midday trading on Monday, reaching $158.39. 121,465 shares of the stock were exchanged, compared to its average volume of 228,759. The business has a 50-day simple moving average of $153.83 and a two-hundred day simple moving average of $147.65. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 1.93 and a beta of 0.77. Crane has a 12 month low of $82.57 and a 12 month high of $163.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CR shares. Stifel Nicolaus lifted their price target on shares of Crane from $168.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $157.33.

Crane Company Profile

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.