Crown (NYSE:CCK – Get Rating) is scheduled to release its earnings data after the market closes on Monday, April 25th. Analysts expect Crown to post earnings of $1.83 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Crown (NYSE:CCK – Get Rating) last posted its quarterly earnings data on Tuesday, February 8th. The industrial products company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Crown had a positive return on equity of 37.44% and a negative net margin of 4.70%. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. On average, analysts expect Crown to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Crown stock opened at $119.36 on Friday. The stock has a market cap of $14.75 billion, a PE ratio of -25.72, a P/E/G ratio of 2.91 and a beta of 1.09. The stock has a 50-day moving average price of $123.06 and a 200 day moving average price of $113.53. Crown has a 52 week low of $95.27 and a 52 week high of $130.42. The company has a current ratio of 1.09, a quick ratio of 0.67 and a debt-to-equity ratio of 2.60.
In related news, insider Hock Huat Goh sold 5,717 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $120.00, for a total transaction of $686,040.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John W. Conway sold 336 shares of the business’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $123.54, for a total value of $41,509.44. The disclosure for this sale can be found here. Insiders sold a total of 13,706 shares of company stock worth $1,684,110 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CCK. Parametric Portfolio Associates LLC increased its holdings in Crown by 1.2% during the 4th quarter. Parametric Portfolio Associates LLC now owns 407,162 shares of the industrial products company’s stock worth $45,040,000 after purchasing an additional 4,782 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Crown during the 4th quarter worth approximately $10,957,000. LPL Financial LLC increased its holdings in Crown by 12.3% during the 4th quarter. LPL Financial LLC now owns 25,060 shares of the industrial products company’s stock worth $2,772,000 after purchasing an additional 2,739 shares during the last quarter. Allstate Corp increased its holdings in Crown by 317.2% during the 4th quarter. Allstate Corp now owns 19,379 shares of the industrial products company’s stock worth $2,144,000 after purchasing an additional 14,734 shares during the last quarter. Finally, Comerica Bank increased its holdings in Crown by 5.6% during the 4th quarter. Comerica Bank now owns 16,568 shares of the industrial products company’s stock worth $1,777,000 after purchasing an additional 880 shares during the last quarter. 88.01% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on CCK. Zacks Investment Research cut Crown from a “buy” rating to a “hold” rating and set a $127.00 price objective for the company. in a research report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Crown from $136.00 to $142.00 in a research report on Friday, February 11th. Morgan Stanley raised their price target on Crown from $129.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 20th. StockNews.com assumed coverage on Crown in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company raised their price target on Crown from $132.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 13th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $143.08.
About Crown (Get Rating)
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries.
- Get a free copy of the StockNews.com research report on Crown (CCK)
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