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 earnings per share (EPS) guidance of $1.10-1.25 for the period, compared to the consensus estimate of $1.25.

Crane Stock Down 0.5 %

Shares of CR traded down $0.84 on Monday, hitting $181.24. 184,380 shares of the stock traded hands, compared to its average volume of 234,058. Crane has a one year low of $102.80 and a one year high of $188.52. The company has a market capitalization of $10.37 billion, a PE ratio of 40.53, a P/E/G ratio of 1.93 and a beta of 0.81. The business has a 50 day simple moving average of $164.96 and a 200 day simple moving average of $154.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR) last posted its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. The business had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. As a group, equities analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. Crane’s dividend payout ratio (DPR) is 18.06%.

Analyst Upgrades and Downgrades

CR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Crane from $175.00 to $182.00 and gave the stock 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 on the stock. in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Crane currently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

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.