Crane (CR) Scheduled to Post Earnings on Monday

Crane (NYSE:CR) is scheduled to release 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.Investors that are interested in registering for the company’s 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 for the quarter, topping the consensus estimate of $1.24 by $0.06. The firm had revenue of $581.00 million during 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 company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $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 Down 2.1 %

Shares of Crane stock opened at $159.79 on Monday. Crane has a one year low of $82.57 and a one year high of $163.48. The company has a market cap of $9.13 billion, a P/E ratio of 42.84, a PEG ratio of 1.93 and a beta of 0.77. 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 firm has a fifty day moving average of $153.83 and a two-hundred day moving average of $147.58.

Wall Street Analyst Weigh In

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

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.