Crawford & Company (NYSE:CRD.B) Shares Gap Down - What's Next?

Key Points

• Crawford & Company shares experienced a gap down opening, falling from a previous close of $10.18 to $9.85, later trading at $10.23 with a volume of 122 shares.
• The company reported a net loss per share of $0.22 for its recent quarter, missing the consensus estimate, and had revenue of $323 million against expectations of $330.99 million.
• Crawford & Company increased its quarterly dividend to $0.075, representing a 2.9% yield, with a payout ratio of 50.85%.

Shares of Crawford & Company (NYSE:CRD.B - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $10.18, but opened at $9.85. Crawford & Company shares last traded at $10.23, with a volume of 122 shares trading hands.

Crawford & Company Price Performance

The stock's fifty day moving average price is $10.20 and its 200-day moving average price is $10.36. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $512.83 million, a price-to-earnings ratio of 17.65 and a beta of 0.80.

Crawford & Company (NYSE:CRD.B - Get Free Report) last released its quarterly 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 net margin of 2.18% and a return on equity of 25.91%. The firm had revenue of $323.00 million for the quarter, compared to analyst estimates of $330.99 million. Equities research analysts predict that Crawford & Company will post 0.83 EPS for the current fiscal year.

Crawford & Company Increases Dividend

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