Crane (CR) Scheduled to Post Quarterly Earnings on Monday

Crane (NYSE:CRGet Rating) is scheduled to release its earnings data after the market closes on Monday, April 25th. Analysts expect Crane to post earnings of $1.68 per share for the quarter. Crane has set its FY22 guidance at $7.00-7.40 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Crane (NYSE:CRGet Rating) last issued its earnings results on Monday, January 24th. The conglomerate reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.13. Crane had a net margin of 13.46% and a return on equity of 22.53%. The firm had revenue of $770.50 million during the quarter, compared to the consensus estimate of $745.61 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Crane to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of CR opened at $105.02 on Friday. The firm has a fifty day moving average price of $104.76 and a 200 day moving average price of $102.41. Crane has a 1-year low of $84.68 and a 1-year high of $114.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.19 and a quick ratio of 1.64. The stock has a market cap of $5.90 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.65.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 9th. Shareholders of record on Monday, February 28th were given a dividend of $0.47 per share. This is a positive change from Crane’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, February 25th. Crane’s dividend payout ratio is presently 25.58%.

Several large investors have recently made changes to their positions in CR. BlackRock Inc. grew its stake in shares of Crane by 1.1% in the fourth quarter. BlackRock Inc. now owns 4,014,384 shares of the conglomerate’s stock valued at $408,383,000 after buying an additional 45,612 shares in the last quarter. Morgan Stanley raised its stake in Crane by 11.5% during the second quarter. Morgan Stanley now owns 338,658 shares of the conglomerate’s stock worth $31,281,000 after acquiring an additional 34,948 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Crane by 2.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 268,155 shares of the conglomerate’s stock valued at $27,279,000 after buying an additional 7,277 shares during the period. Stifel Financial Corp increased its position in Crane by 28.9% during the 4th quarter. Stifel Financial Corp now owns 29,355 shares of the conglomerate’s stock valued at $2,987,000 after purchasing an additional 6,582 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Crane by 43.9% during the 3rd quarter. Millennium Management LLC now owns 19,128 shares of the conglomerate’s stock worth $1,814,000 after buying an additional 5,837 shares in the last quarter. Institutional investors and hedge funds own 69.73% of the company’s stock.

A number of equities analysts have weighed in on the stock. StockNews.com initiated coverage on shares of Crane in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Stifel Nicolaus decreased their price target on shares of Crane from $137.00 to $134.00 in a report on Monday, April 18th. Morgan Stanley lifted their price objective on shares of Crane from $111.00 to $116.00 and gave the company an “equal weight” rating in a research report on Monday, January 31st. Finally, Zacks Investment Research upgraded shares of Crane from a “sell” rating to a “hold” rating and set a $107.00 target price on the stock in a report on Thursday, January 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $121.00.

Crane Company Profile (Get Rating)

Crane Co, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The Aerospace & Electronics segment offers original equipment and aftermarket parts under the Hydro-Aire, ELDEC, Lear Romec, P.L.

Further Reading

Earnings History for Crane (NYSE:CR)

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