Crane (CR) to Release Earnings on Monday

Crane (NYSE:CR) will be posting its quarterly earnings results after the market closes on Monday, July 29th. Analysts expect Crane to post earnings of $1.24 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Crane Price Performance

Shares of NYSE:CR opened at $158.87 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 1-year low of $82.57 and a 1-year high of $160.39. The company has a market capitalization of $9.08 billion, a P/E ratio of 42.59, a P/E/G ratio of 1.93 and a beta of 0.80. The firm’s 50 day simple moving average is $146.37 and its two-hundred day simple moving average is $135.58.

Crane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, August 30th. Crane’s dividend payout ratio is currently 21.98%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CR shares. Stifel Nicolaus upped their target price on shares of Crane from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. DA Davidson upped their target price on shares of Crane from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group upped their target price on shares of Crane from $120.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. StockNews.com upgraded shares of Crane from a “hold” rating to a “buy” rating in a research report on Saturday, April 27th. Finally, Bank of America upped their target price on shares of Crane from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.50.

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.