Crane (NYSE:CR) Releases Q4 2024 Earnings Guidance

Crane (NYSE:CR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.100-1.250 for the period, compared to the consensus estimate of 1.250. The company issued revenue guidance of -. Crane also updated its Q4 guidance to $1.10-1.25 EPS.

Wall Street Analysts Forecast Growth

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

Crane Stock Down 0.5 %

Shares of CR traded down $0.84 during trading hours on Monday, hitting $181.24. The stock had a trading volume of 191,641 shares, compared to its average volume of 234,089. The firm has a 50 day simple moving average of $164.96 and a 200-day simple moving average of $154.10. Crane has a 1-year low of $102.80 and a 1-year high of $188.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. 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 posted its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. During the same quarter last year, the firm posted $1.03 EPS. Crane’s revenue was up 12.7% compared to the same quarter last year. Sell-side analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 payout ratio is currently 18.06%.

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.