Crane (CR) Scheduled to Post Quarterly Earnings on Monday

Crane (NYSE:CR) will be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Crane to post earnings of $1.29 per share for the quarter. Crane has set its FY24 guidance at $4.95-$5.15 EPS and its FY 2024 guidance at 4.950-5.150 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, July 29th. The conglomerate reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.06. The business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $568.33 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. On average, analysts expect Crane to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Crane Stock Performance

Shares of CR stock opened at $149.00 on Friday. The business’s fifty day simple moving average is $154.09 and its 200-day simple moving average is $148.01. The company has a market cap of $8.52 billion, a PE ratio of 39.95, a PEG ratio of 1.93 and a beta of 0.77. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12-month low of $90.91 and a 12-month high of $163.48.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CR shares. Stifel Nicolaus upped their price target on Crane from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.33.

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.