Crane NXT FY2024 EPS Estimate Boosted by Northland Capmk

Crane NXT, Co. (NYSE:CXT) – Equities research analysts at Northland Capmk lifted their FY2024 earnings estimates for shares of Crane NXT in a research report issued to clients and investors on Tuesday, November 12th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings per share of $4.29 for the year, up from their prior forecast of $4.28. The consensus estimate for Crane NXT’s current full-year earnings is $4.26 per share. Northland Capmk also issued estimates for Crane NXT’s Q1 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.19 EPS.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. The company had revenue of $403.50 million during the quarter, compared to analysts’ expectations of $392.44 million. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. Crane NXT’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share.

Several other equities analysts have also recently weighed in on the company. Northland Securities cut their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. Robert W. Baird upped their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson reissued a “buy” rating and issued a $100.00 price objective on shares of Crane NXT in a research note on Monday, September 30th.

Crane NXT Trading Down 0.6 %

Shares of Crane NXT stock opened at $55.29 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 18.13 and a beta of 1.33. Crane NXT has a twelve month low of $50.31 and a twelve month high of $64.80. The business has a 50-day moving average price of $56.04 and a 200-day moving average price of $58.53.

Institutional Investors Weigh In On Crane NXT

Several large investors have recently modified their holdings of CXT. Victory Capital Management Inc. lifted its position in Crane NXT by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company’s stock valued at $68,372,000 after acquiring an additional 33,664 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Crane NXT by 93.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock valued at $69,716,000 after purchasing an additional 548,155 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Crane NXT by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,084,843 shares of the company’s stock worth $66,626,000 after purchasing an additional 33,460 shares in the last quarter. Congress Asset Management Co. grew its stake in Crane NXT by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock worth $41,672,000 after buying an additional 114,707 shares during the last quarter. Finally, Capital International Investors increased its position in Crane NXT by 40.0% during the 1st quarter. Capital International Investors now owns 653,052 shares of the company’s stock valued at $40,424,000 after buying an additional 186,437 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 1.16%. Crane NXT’s payout ratio is currently 20.98%.

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.