Crown (NYSE:CCK - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 1.950-2.050 for the period, compared to the consensus estimate of 1.925. The company issued revenue guidance of -. Crown also updated its FY 2025 guidance to 7.100-7.500 EPS.
Analysts Set New Price Targets
A number of brokerages have recently commented on CCK. Truist Financial lifted their price target on shares of Crown from $110.00 to $117.00 and gave the stock a "hold" rating in a report on Friday, July 11th. Robert W. Baird cut shares of Crown from an "outperform" rating to a "neutral" rating and set a $105.00 target price on the stock. in a research note on Thursday. Morgan Stanley boosted their price objective on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Wells Fargo & Company upped their price objective on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Wall Street Zen lowered Crown from a "strong-buy" rating to a "buy" rating in a research note on Friday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $119.45.
Read Our Latest Report on CCK
Crown Price Performance
Shares of CCK stock traded down $1.52 on Monday, hitting $104.71. 1,911,621 shares of the stock traded hands, compared to its average volume of 1,239,314. The firm has a 50 day simple moving average of $102.07 and a two-hundred day simple moving average of $92.71. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.56. Crown has a 52 week low of $75.98 and a 52 week high of $109.48. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.73 and a beta of 0.76.
Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.30. Crown had a net margin of 4.62% and a return on equity of 26.98%. As a group, equities research analysts predict that Crown will post 6.96 earnings per share for the current fiscal year.
Crown Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. Crown's payout ratio is 22.37%.
Insider Activity at Crown
In related news, VP Christy L. Kalaus sold 2,130 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the sale, the vice president owned 4,500 shares of the company's stock, valued at approximately $447,345. This trade represents a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $97.00, for a total transaction of $679,000.00. Following the transaction, the chief operating officer directly owned 135,014 shares in the company, valued at approximately $13,096,358. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.
Hedge Funds Weigh In On Crown
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 111 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Crown in the 1st quarter valued at $111,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Crown by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company's stock valued at $367,000 after acquiring an additional 1,161 shares in the last quarter. NewEdge Advisors LLC boosted its position in Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company's stock valued at $528,000 after buying an additional 351 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Crown by 30.8% during the 1st quarter. Focus Partners Wealth now owns 15,062 shares of the industrial products company's stock valued at $1,344,000 after acquiring an additional 3,550 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
Crown Company Profile
(
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Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.
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