Crane (NYSE:CR) Releases FY 2024 Earnings Guidance

Crane (NYSE:CR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.710-4.860 for the period, compared to the consensus estimate of 5.160. The company issued revenue guidance of -.

Analyst Ratings Changes

Several brokerages have commented on CR. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Crane Price Performance

Shares of CR opened at $159.71 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a 50 day moving average price of $168.38 and a 200-day moving average price of $156.19. Crane has a fifty-two week low of $110.20 and a fifty-two week high of $188.52. The stock has a market capitalization of $9.14 billion, a PE ratio of 35.18, a PEG ratio of 1.93 and a beta of 0.93.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The business had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. Equities analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is presently 18.06%.

Crane Company Profile

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.