Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Crawford & Company's trading volume surged by 106% on Monday, with approximately 7,287 shares changing hands compared to the previous session's 3,541 shares, as the stock traded at $10.08.
• The company recently reported a quarterly earnings miss, announcing an EPS of $0.22 while the consensus estimate was $0.24, and revenue of $323 million versus an expected $330.99 million.
• Crawford & Company increased its quarterly dividend to $0.075 from $0.07, reflecting an annualized dividend of $0.30 and a yield of 3.0% for shareholders.

Shares of Crawford & Company (NYSE:CRD.B - Get Free Report) saw an uptick in trading volume on Monday . 7,287 shares changed hands during mid-day trading, an increase of 106% from the previous session's volume of 3,541 shares.The stock last traded at $10.08 and had previously closed at $10.18.

Crawford & Company Trading Up 1.5%

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 firm's 50-day simple moving average is $10.18 and its 200 day simple moving average is $10.34. The stock has a market capitalization of $515.71 million, a P/E ratio of 17.61 and a beta of 0.80.

Crawford & Company (NYSE:CRD.B - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The business services provider reported $0.22 EPS 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 net margin of 2.18% and a return on equity of 25.91%. Equities research analysts anticipate that Crawford & Company will post 0.83 EPS for the current fiscal year.

Crawford & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Crawford & Company's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, August 15th. Crawford & Company's dividend payout ratio (DPR) is currently 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.