Crown Holdings, Inc. (NYSE:CCK) Issues Quarterly Earnings Results

Crown Holdings, Inc. (NYSE:CCK) released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41, Bloomberg Earnings reports. Crown Holdings had a net margin of 5.64% and a return on equity of 65.80%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Crown Holdings updated its Q4 guidance to $0.75 to $0.80 EPS.

Shares of Crown Holdings (NYSE CCK) traded down 0.44% on Friday, hitting $59.27. 872,460 shares of the company were exchanged. The firm’s 50-day moving average is $60.22 and its 200-day moving average is $58.36. The stock has a market capitalization of $8.02 billion, a PE ratio of 16.98 and a beta of 1.40. Crown Holdings has a 52-week low of $51.57 and a 52-week high of $61.61.

Several research analysts have commented on CCK shares. BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price objective on shares of Crown Holdings in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.20.

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Crown Holdings Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Earnings History for Crown Holdings (NYSE:CCK)

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