Crown (NYSE:CCK) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.55-1.65 for the period, compared to the Thomson Reuters consensus estimate of $1.33. Crown also updated its FY18 guidance to $5.35-5.55 EPS.
NYSE:CCK traded down $0.07 during mid-day trading on Wednesday, hitting $52.34. The company had a trading volume of 1,453,731 shares, compared to its average volume of 1,705,637. Crown has a fifty-two week low of $48.26 and a fifty-two week high of $62.27. The company has a current ratio of 0.95, a quick ratio of 0.52 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $6,994.83, a price-to-earnings ratio of 12.99, a PEG ratio of 1.68 and a beta of 1.43.
Crown (NYSE:CCK) last released its earnings results on Tuesday, April 17th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. Crown had a return on equity of 57.14% and a net margin of 3.71%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. sell-side analysts predict that Crown will post 4.42 earnings per share for the current year.
CCK has been the topic of several analyst reports. KeyCorp reissued a hold rating on shares of Crown in a research note on Tuesday, December 19th. Vertical Research raised Crown from a hold rating to a buy rating in a research note on Wednesday, December 20th. Zacks Investment Research raised Crown from a hold rating to a buy rating and set a $56.00 target price on the stock in a research note on Wednesday, March 28th. Credit Suisse Group cut their target price on Crown from $64.00 to $58.00 and set a neutral rating on the stock in a research note on Wednesday. Finally, TheStreet lowered Crown from a b rating to a c rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Crown currently has an average rating of Hold and a consensus price target of $63.67.
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Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.
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