Crane (NYSE:CR) Announces Earnings Results

Crane (NYSE:CR - Get Free Report) released its quarterly earnings results on Monday. The conglomerate reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10, Zacks reports. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $557.60 million during the quarter, compared to analyst estimates of $546.93 million. During the same quarter last year, the business posted $1.22 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. Crane updated its FY 2025 guidance to 5.300-5.600 EPS.

Crane Trading Up 2.7 %

CR stock traded up $4.44 during mid-day trading on Friday, reaching $167.48. The company had a trading volume of 340,632 shares, compared to its average volume of 267,546. The company has a market capitalization of $9.61 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The firm has a 50 day moving average of $150.45 and a 200 day moving average of $160.15. Crane has a 12 month low of $127.04 and a 12 month high of $188.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 0.55%. Crane's payout ratio is 18.18%.

Insider Activity

In other news, VP Alejandro Alcala sold 2,293 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $170.96, for a total transaction of $392,011.28. Following the transaction, the vice president now owns 32,963 shares in the company, valued at approximately $5,635,354.48. This trade represents a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CR. Deutsche Bank Aktiengesellschaft set a $186.00 target price on Crane and gave the company a "buy" rating in a research report on Monday, April 14th. DA Davidson reiterated a "buy" rating and set a $200.00 price objective on shares of Crane in a research report on Tuesday, March 11th. UBS Group upgraded shares of Crane from a "neutral" rating to a "buy" rating and raised their target price for the stock from $157.00 to $190.00 in a report on Tuesday. StockNews.com lowered shares of Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus boosted their target price on Crane from $144.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.20.

Crane Company Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.