Analysts expect Crane Co. (NYSE:CR) to report earnings of $1.24 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Crane’s earnings, with estimates ranging from $1.13 to $1.32. Crane posted earnings per share of $1.05 in the same quarter last year, which suggests a positive year over year growth rate of 18.1%. The business is scheduled to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Crane will report full year earnings of $5.39 per share for the current year, with EPS estimates ranging from $4.75 to $5.60. For the next year, analysts expect that the business will post earnings of $6.18 per share, with EPS estimates ranging from $5.92 to $6.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Crane.
Crane (NYSE:CR) last released its earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. Crane had a return on equity of 20.66% and a net margin of 6.17%. Crane’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share.
A number of research analysts recently issued reports on CR shares. ValuEngine raised Crane from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $99.00 target price (up from $87.00) on shares of Crane in a report on Tuesday, January 16th. Oppenheimer reaffirmed a “buy” rating on shares of Crane in a report on Tuesday, December 5th. UBS Group started coverage on Crane in a report on Tuesday, January 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $95.00 target price on shares of Crane in a report on Tuesday, December 5th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Crane presently has an average rating of “Buy” and an average target price of $106.28.
In other Crane news, VP Augustus I. Dupont sold 16,396 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the completion of the sale, the vice president now directly owns 102,994 shares in the company, valued at approximately $10,066,633.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Thayer Bigelow sold 1,125 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.74, for a total value of $106,582.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. ClariVest Asset Management LLC raised its stake in shares of Crane by 54.2% during the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock worth $182,000 after purchasing an additional 800 shares in the last quarter. Fruth Investment Management bought a new position in shares of Crane in the 4th quarter valued at approximately $205,000. Levin Capital Strategies L.P. bought a new position in shares of Crane in the 4th quarter valued at approximately $208,000. Vident Investment Advisory LLC bought a new position in shares of Crane in the 3rd quarter valued at approximately $209,000. Finally, JOYN Advisors Inc. bought a new position in shares of Crane in the 4th quarter valued at approximately $213,000. 68.81% of the stock is owned by institutional investors.
Crane (NYSE CR) traded up $0.11 during trading hours on Friday, reaching $94.23. The company had a trading volume of 143,040 shares, compared to its average volume of 320,004. The firm has a market capitalization of $5,550.40, a price-to-earnings ratio of 33.18, a P/E/G ratio of 1.33 and a beta of 1.20. Crane has a 1 year low of $70.56 and a 1 year high of $102.65. The company has a current ratio of 1.81, a quick ratio of 1.40 and a debt-to-equity ratio of 0.37.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 28th will be given a $0.35 dividend. This is a positive change from Crane’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, February 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.49%. Crane’s dividend payout ratio (DPR) is 46.48%.
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Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.
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