Crane (NYSE:CR – Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.95-$5.15 for the period, compared to the consensus earnings per share estimate of $5.01. The company issued revenue guidance of $2.31 billion, compared to the consensus revenue estimate of $2.31 billion. Crane also updated its FY 2024 guidance to 4.950-5.150 EPS.
Analysts Set New Price Targets
CR has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Crane from $120.00 to $152.00 and gave the company a neutral rating in a research report on Wednesday, May 15th. StockNews.com raised Crane from a hold rating to a buy rating in a research note on Saturday, April 27th. DA Davidson raised their price target on Crane from $142.00 to $160.00 and gave the company a buy rating in a report on Wednesday, April 24th. Stifel Nicolaus boosted their price objective on Crane from $157.00 to $168.00 and gave the stock a buy rating in a report on Thursday, July 18th. Finally, Vertical Research raised shares of Crane from a hold rating to a buy rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Crane presently has a consensus rating of Moderate Buy and an average target price of $145.50.
View Our Latest Analysis on CR
Crane Trading Up 0.2 %
Crane Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, August 30th. Crane’s dividend payout ratio (DPR) is presently 21.98%.
About Crane
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.
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