Crane NXT (CXT) Scheduled to Post Quarterly Earnings on Wednesday

Crane NXT (NYSE:CXT) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Crane NXT to post earnings of $1.15 per share for the quarter. Crane NXT has set its FY24 guidance at $4.20-4.35 EPS and its FY 2024 guidance at 4.200-4.350 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $370.60 million during the quarter, compared to the consensus estimate of $367.08 million. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. On average, analysts expect Crane NXT to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Crane NXT Stock Performance

Shares of CXT stock opened at $53.98 on Monday. The stock has a market capitalization of $3.08 billion, a PE ratio of 17.19 and a beta of 1.33. Crane NXT has a 52-week low of $48.42 and a 52-week high of $64.80. The stock’s 50-day moving average price is $56.41 and its 200 day moving average price is $58.91. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 0.65.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is presently 20.38%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Northland Securities dropped their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. Baird R W upgraded Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. DA Davidson restated a “buy” rating and issued a $100.00 price target on shares of Crane NXT in a research report on Monday, September 30th. Finally, Robert W. Baird started coverage on Crane NXT in a research report on Thursday, October 17th. They set an “outperform” rating and a $77.00 target price on the stock.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.