Crane (NYSE:CR) updated its FY 2021 earnings guidance on Monday. The company provided earnings per share guidance of $7.50-8.00 for the period. Crane also updated its FY 2019 guidance to $6.25-6.45 EPS.
A number of research analysts recently issued reports on the stock. CIBC restated a hold rating and set a $1.50 price objective on shares of Crane in a report on Friday, February 1st. Seaport Global Securities reaffirmed a buy rating and issued a $105.00 price target on shares of Crane in a research note on Wednesday, January 30th. ValuEngine raised shares of Crane from a sell rating to a hold rating in a research note on Tuesday, January 29th. Stifel Nicolaus set a $100.00 price target on shares of Crane and gave the company a buy rating in a research note on Tuesday, January 29th. Finally, William Blair lowered shares of Crane from an outperform rating to a market perform rating and set a $79.14 price target on the stock. in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $88.66.
NYSE CR opened at $83.30 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.84. Crane has a 1 year low of $67.18 and a 1 year high of $100.14. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 2.05 and a beta of 1.42.
Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 28th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.10. Crane had a net margin of 10.03% and a return on equity of 24.54%. The firm had revenue of $839.70 million for the quarter, compared to analyst estimates of $862.96 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Crane will post 6.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Thursday, February 28th will be issued a $0.39 dividend. This is an increase from Crane’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, February 27th. Crane’s payout ratio is currently 23.37%.
In other Crane news, VP James A. Lavish sold 10,896 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $82.90, for a total value of $903,278.40. Following the transaction, the vice president now directly owns 23,527 shares in the company, valued at $1,950,388.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by insiders.
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Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in 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; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
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