Crane (NYSE:CR) Issues FY 2024 Earnings Guidance

Crane (NYSE:CR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.710-4.860 for the period, compared to the consensus EPS estimate of 5.160. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

CR has been the topic of a number of recent research reports. 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. Deutsche Bank Aktiengesellschaft raised their price target on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Crane Price Performance

CR opened at $153.37 on Thursday. The business has a fifty day moving average of $168.32 and a 200 day moving average of $156.17. The stock has a market cap of $8.78 billion, a P/E ratio of 20.31, a PEG ratio of 1.93 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 52-week low of $110.49 and a 52-week high of $188.52.

Crane (NYSE:CR) last issued its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, sell-side analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is presently 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.