Crown (CCK) Expected to Announce Quarterly Earnings on Wednesday

Crown (NYSE:CCKGet Free Report) is projected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect Crown to post earnings of $1.51 per share and revenue of $2.89 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Crown Price Performance

Shares of CCK opened at $88.81 on Wednesday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The company has a market cap of $10.62 billion, a P/E ratio of 109.64, a PEG ratio of 1.68 and a beta of 0.86. Crown has a 12 month low of $69.61 and a 12 month high of $98.46. The stock has a fifty day moving average price of $86.25 and a 200 day moving average price of $88.90.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCK. UBS Group cut their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays boosted their price target on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $109.00 to $105.00 in a report on Monday, January 13th. Finally, Robert W. Baird upped their price objective on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.46.

View Our Latest Report on Crown

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the sale, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.

About Crown

(Get Free Report)

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.

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Earnings History for Crown (NYSE:CCK)

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