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.
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