Crawford & Company (NYSE:CRD.B) Issues Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Crawford & Company reported quarterly EPS of $0.37, exceeding analysts’ consensus estimate of $0.30 by $0.07. The company posted a 1.81% net margin and 28.15% return on equity.
• Shares rose $0.34 to $12.13, with the stock trading between $8.78 and $13.59 over the past year. Crawford & Company has a $589.69 million market capitalization and a P/E ratio of 25.27.
• Insiders sold more than 1.02 million shares worth approximately $13.1 million over the past 90 days, while Zacks Research downgraded the stock from “strong buy” to “hold”; the overall analyst consensus is Hold.

Crawford & Company (NYSE:CRD.B - Get Free Report) issued its quarterly earnings data on Monday. The business services provider reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.07, Zacks reports. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.

Crawford & Company Stock Performance

Shares of Crawford & Company stock traded up $0.34 on Monday, hitting $12.13. 19,279 shares of the company's stock were exchanged, compared to its average volume of 15,824. Crawford & Company has a 1 year low of $8.78 and a 1 year high of $13.59. The company has a 50-day simple moving average of $11.96 and a 200-day simple moving average of $10.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $589.69 million, a PE ratio of 25.27 and a beta of 0.69.

Insider Buying and Selling at Crawford & Company

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the transaction, the insider directly owned 4,447,188 shares of the company's stock, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Bart sold 3,305 shares of Crawford & Company stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.36, for a total value of $44,154.80. Following the transaction, the executive vice president owned 86,395 shares in the company, valued at $1,154,237.20. This trade represents a 3.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,020,093 shares of company stock valued at $13,075,773 over the last 90 days. 51.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Crawford & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of "Hold".

About Crawford & Company

Crawford & Company NYSE: CRD.B is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers' compensation services, medical management and related consulting and technology solutions.

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