Crane NXT, Co. (NYSE:CXT) Declares Quarterly Dividend of $0.18

Key Points

• Crane NXT declared a quarterly dividend of $0.18 per share, payable September 9 to shareholders of record on August 31. The dividend implies an annualized payout of $0.72 and a yield of approximately 1.3%.
• The company’s dividend appears well covered, with a 14.9% payout ratio, while analysts expect next year’s earnings to support a projected payout ratio of about 15.3%.
• Crane NXT exceeded quarterly expectations, reporting $1.10 EPS versus the $1.04 consensus and revenue of $493.2 million, up 22.1% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $65.40.

Crane NXT, Co. (NYSE:CXT - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be given a dividend of 0.18 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 31st.

Crane NXT has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 2 years. Crane NXT has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Crane NXT to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.3%.

Crane NXT Stock Performance

Shares of NYSE CXT traded up $2.18 during midday trading on Thursday, hitting $54.55. 318,978 shares of the company's stock traded hands, compared to its average volume of 815,433. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 24.36 and a beta of 1.09. The firm has a fifty day moving average of $47.32 and a 200 day moving average of $46.50. Crane NXT has a 1 year low of $35.71 and a 1 year high of $69.00.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, analysts forecast that Crane NXT will post 4.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CXT has been the subject of a number of analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Crane NXT in a research report on Friday, July 31st. Northland Securities raised shares of Crane NXT from a "market perform" rating to an "outperform" rating and set a $52.00 target price for the company in a report on Friday, May 15th. Robert W. Baird set a $67.00 price target on Crane NXT in a research report on Friday, May 8th. Oppenheimer dropped their price target on shares of Crane NXT from $80.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, April 15th. Finally, Zacks Research raised Crane NXT from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.40.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

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