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

Key Points

• Shares of Crawford & Company (NYSE:CRD.B) experienced an 83% increase in trading volume, with 8,885 shares changing hands on Wednesday, while the stock price rose to $10.14.
• The company reported $0.15 earnings per share and had a revenue of $303.65 million for the last quarter, with analysts expecting an annual EPS of 0.83 for the current fiscal year.
• Crawford & Company announced a dividend increase to $0.075 per share, representing an annual yield of 3.0% and a payout ratio of 50.85%.

Shares of Crawford & Company (NYSE:CRD.B - Get Free Report) saw strong trading volume on Wednesday . 8,885 shares changed hands during trading, an increase of 83% from the previous session's volume of 4,853 shares.The stock last traded at $10.14 and had previously closed at $9.73.

Crawford & Company Trading Down 0.4%

The firm has a market capitalization of $496.40 million, a P/E ratio of 16.95 and a beta of 0.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50 day moving average price of $10.15 and a two-hundred day moving average price of $10.21.

Crawford & Company (NYSE:CRD.B - Get Free Report) last released its quarterly earnings data on Thursday, September 14th. The business services provider reported $0.15 earnings per share for the quarter. The business had revenue of $303.65 million during the quarter. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%. On average, equities research analysts expect that Crawford & Company will post 0.83 EPS for the current fiscal year.

Crawford & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 3.0%. This is an increase from Crawford & Company's previous quarterly dividend of $0.07. The ex-dividend date was Friday, August 15th. 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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