Crane (NYSE:CR) posted its quarterly earnings data on Sunday. The conglomerate reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.35, MarketWatch Earnings reports. Crane had a net margin of 0.71% and a return on equity of 18.09%. The firm had revenue of $833.50 million during the quarter, compared to analysts’ expectations of $771.33 million. During the same quarter last year, the company posted $1.15 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis.
NYSE:CR traded up $2.76 during trading hours on Tuesday, hitting $97.50. The company’s stock had a trading volume of 503,807 shares, compared to its average volume of 274,105. Crane has a 52-week low of $44.23 and a 52-week high of $99.32. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $5.67 billion, a P/E ratio of 256.59 and a beta of 1.65. The stock has a fifty day moving average of $94.28 and a 200-day moving average of $79.18.
A number of equities research analysts have recently weighed in on CR shares. DA Davidson cut Crane from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $80.00 in a research note on Thursday, January 7th. Zacks Investment Research raised shares of Crane from a “sell” rating to a “hold” rating and set a $80.00 price target on the stock in a research report on Thursday, January 28th. Canaccord Genuity raised their price objective on shares of Crane from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 10th. Finally, Vertical Research upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.25.
Crane Company Profile
Crane Co manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets.
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