Crane (NYSE:CR) Releases Q4 Earnings Guidance

Crane (NYSE:CR) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.10-1.25 for the period, compared to the consensus EPS estimate of $1.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CR shares. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Crane presently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Crane Stock Down 0.5 %

Crane stock traded down $0.84 during trading hours on Monday, hitting $181.24. The company had a trading volume of 184,426 shares, compared to its average volume of 234,058. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a fifty-two week low of $102.80 and a fifty-two week high of $188.52. The firm’s fifty day moving average is $164.96 and its 200-day moving average is $154.10. The firm has a market capitalization of $10.37 billion, a P/E ratio of 40.53, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

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 given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio (DPR) is 18.06%.

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.