Crane NXT (NYSE:CXT) Updates FY 2025 Earnings Guidance

Key Points

• Crane NXT has issued FY 2025 earnings per share (EPS) guidance of 4.000-4.300, compared to the consensus estimate of 4.111.
• Several analysts have revised their price targets for Crane NXT, with UBS Group lowering it from $62.00 to $60.00, and DA Davidson decreasing from $100.00 to $85.00.
• Crane NXT's stock has seen a trading increase, reaching $56.84, with a market capitalization of $3.26 billion and a PE ratio of 19.52.

Crane NXT (NYSE:CXT - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.000-4.300 for the period, compared to the consensus estimate of 4.111. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research firms have commented on CXT. DA Davidson decreased their target price on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group decreased their target price on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Stock Performance

NYSE CXT traded up $3.30 during midday trading on Friday, hitting $60.47. The company had a trading volume of 584,589 shares, compared to its average volume of 363,138. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 23.08 and a beta of 1.33. The firm has a fifty day simple moving average of $56.48 and a two-hundred day simple moving average of $54.38. Crane NXT has a fifty-two week low of $41.54 and a fifty-two week high of $67.00.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $404.40 million for the quarter, compared to analyst estimates of $382.79 million. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. Equities analysts forecast that Crane NXT will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 29th. Crane NXT's dividend payout ratio (DPR) is presently 25.95%.

Hedge Funds Weigh In On Crane NXT

A number of hedge funds and other institutional investors have recently made changes to their positions in CXT. Jones Financial Companies Lllp lifted its holdings in shares of Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $37,000 after acquiring an additional 391 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Crane NXT by 23.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company's stock valued at $9,139,000 after purchasing an additional 33,336 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Crane NXT by 89.0% during the 1st quarter. Jane Street Group LLC now owns 52,113 shares of the company's stock valued at $2,679,000 after purchasing an additional 24,540 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

About Crane NXT

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.