Crawford & Company (NYSE:CRD.B) Issues Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Crawford & Company reported an EPS of $0.22, missing analysts' expectations of $0.24 by $0.02.
• The company announced a dividend increase to $0.075 per share, up from the previous $0.07, with a dividend yield of 3.2%.
• Insider Tami E. Stevenson sold 4,900 shares of stock, representing a 15.71% decrease in her position.

Crawford & Company (NYSE:CRD.B - Get Free Report) released its quarterly earnings results on Monday. The business services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02), Zacks reports. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%. The firm had revenue of $323.00 million for the quarter, compared to analyst estimates of $330.99 million.

Crawford & Company Stock Up 3.5%

Crawford & Company stock traded up $0.31 during trading on Friday, reaching $9.14. The stock had a trading volume of 491 shares, compared to its average volume of 5,631. The stock has a market cap of $451.81 million, a PE ratio of 15.49 and a beta of 0.79. The business has a 50 day moving average price of $10.09 and a 200 day moving average price of $10.65. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 1.16. Crawford & Company has a 52-week low of $8.59 and a 52-week high of $12.50.

Crawford & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.30 dividend on an annualized basis and a yield of 3.3%. This is an increase from Crawford & Company's previous quarterly dividend of $0.07. Crawford & Company's dividend payout ratio is 50.85%.

Insider Buying and Selling at Crawford & Company

In other Crawford & Company news, SVP Tami E. Stevenson sold 4,900 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $10.21, for a total value of $50,029.00. Following the completion of the sale, the senior vice president owned 26,282 shares in the company, valued at approximately $268,339.22. The trade was a 15.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 51.04% of the company's stock.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.