Crane (NYSE:CR) Posts Earnings Results, Beats Expectations By $0.07 EPS

Crane (NYSE:CR) issued its earnings results on Monday. The conglomerate reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07, Zacks reports. Crane had a return on equity of 24.45% and a net margin of 13.10%.

Crane Trading Down 3.3 %

Shares of Crane stock traded down $5.33 on Monday, hitting $156.35. The stock had a trading volume of 521,715 shares, compared to its average volume of 255,233. Crane has a twelve month low of $110.49 and a twelve month high of $188.52. The stock has a 50 day moving average of $163.99 and a 200 day moving average of $158.40. The firm has a market capitalization of $8.95 billion, a P/E ratio of 20.71, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group upped their price target on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Stifel Nicolaus cut their price target on Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.80.

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.