Crawford & Company (NYSE:CRD.B) Sees Large Volume Increase - Still a Buy?

Key Points

• Crawford & Company shares experienced a notable trading volume of 4,143 shares, reflecting a 13% decrease from the previous session, with the stock currently priced at $10.48.
• The company reported earnings of $0.22 per share for the last quarter, falling short of analysts' expectations by $0.02, with revenues also below estimates at $323 million.
• Crawford & Company increased its quarterly dividend to $0.075 per share, translating to a 2.9% yield, with a payout ratio of 50.85%.

Crawford & Company (NYSE:CRD.B - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 4,143 shares changed hands during trading, a decline of 13% from the previous session's volume of 4,773 shares.The stock last traded at $10.48 and had previously closed at $10.28.

Crawford & Company Stock Performance

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $10.31. The company has a market capitalization of $518.74 million, a P/E ratio of 17.71 and a beta of 0.80.

Crawford & Company (NYSE:CRD.B - Get Free Report) last announced its earnings results on Monday, August 4th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). 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. Equities analysts forecast that Crawford & Company will post 0.83 EPS for the current year.

Crawford & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, August 15th. This is a boost from Crawford & Company's previous quarterly dividend of $0.07. Crawford & Company's dividend payout ratio is 50.85%.

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.

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