Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Crawford & Company experienced a 32% increase in trading volume, with 3,646 shares traded compared to 2,763 shares in the previous session, while the stock is currently priced at $11.21.
• The company reported $0.22 earnings per share for the last quarter, falling short of analysts' expectations of $0.24, and had a net revenue of $323 million against a forecast of $330.99 million.
• Crawford & Company will be increasing its quarterly dividend to $0.075 per share, representing a 2.7% yield, which marks an increase from the previous dividend of $0.07.

Crawford & Company (NYSE:CRD.B - Get Free Report) saw an uptick in trading volume on Monday . 3,646 shares were traded during mid-day trading, an increase of 32% from the previous session's volume of 2,763 shares.The stock last traded at $11.21 and had previously closed at $10.99.

Crawford & Company Stock Down 0.7%

The firm has a market capitalization of $537.60 million, a PE ratio of 18.36 and a beta of 0.79. The company has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $10.51. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.34 and a current ratio of 1.34.

Crawford & Company (NYSE:CRD.B - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $323.00 million during the quarter, compared to analysts' expectations of $330.99 million. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%. Analysts forecast that Crawford & Company will post 0.83 EPS for the current fiscal year.

Crawford & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.075 per share. This is an increase from Crawford & Company's previous quarterly dividend of $0.07. The ex-dividend date is Friday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.8%. Crawford & Company's dividend payout ratio (DPR) is currently 50.85%.

About Crawford & Company

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.