Crane NXT (CXT) Set to Announce Quarterly Earnings on Wednesday

Crane NXT (NYSE:CXT - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Crane NXT to post earnings of $1.15 per share for the quarter. Crane NXT has set its FY24 guidance at $4.20-4.35 EPS and its FY 2024 guidance at 4.200-4.350 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same quarter last year, the firm posted $1.12 EPS. The company's revenue was up 5.2% on a year-over-year basis. On average, analysts expect Crane NXT to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Crane NXT Stock Performance

Shares of CXT stock traded down $0.13 during mid-day trading on Wednesday, reaching $55.61. The stock had a trading volume of 180,798 shares, compared to its average volume of 343,735. The firm's 50 day simple moving average is $56.56 and its 200 day simple moving average is $59.00. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Crane NXT has a one year low of $48.42 and a one year high of $64.80. The firm has a market cap of $3.18 billion, a PE ratio of 17.54 and a beta of 1.32.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. Crane NXT's dividend payout ratio is currently 20.19%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CXT. Northland Securities cut 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. Robert W. Baird began coverage on Crane NXT in a research report on Thursday, October 17th. They set an "outperform" rating and a $77.00 target price for the company. Baird R W upgraded Crane NXT to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, DA Davidson restated a "buy" rating and set a $100.00 target price on shares of Crane NXT in a research report on Monday, September 30th.

About Crane NXT

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.