Northland Capmk Increases Earnings Estimates for Crane NXT

Crane NXT, Co. (NYSE:CXT) – Research analysts at Northland Capmk lifted their FY2024 earnings per share (EPS) estimates for Crane NXT in a research note issued 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 topic of a number of other research reports. Northland Securities lowered their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Baird R W upgraded Crane NXT to a “strong-buy” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th.

Crane NXT Trading Up 0.3 %

NYSE CXT opened at $56.53 on Wednesday. The firm’s fifty day moving average is $56.09 and its two-hundred day moving average is $58.57. Crane NXT has a one year low of $50.31 and a one year high of $64.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 1.38. The firm has a market cap of $3.23 billion, a PE ratio of 18.53 and a beta of 1.33.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same period last year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, November 29th. Crane NXT’s dividend payout ratio is presently 20.98%.

Hedge Funds Weigh In On Crane NXT

Large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Crane NXT by 9.8% in the second quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock valued at $134,000 after buying an additional 195 shares in the last quarter. Blue Trust Inc. increased its holdings in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after acquiring an additional 205 shares in the last quarter. Atria Investments Inc raised its position in Crane NXT by 6.0% during the third quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock worth $208,000 after acquiring an additional 208 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Crane NXT by 1.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock valued at $725,000 after purchasing an additional 245 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Crane NXT by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after purchasing an additional 265 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Company Profile

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.