Crane NXT, Co. (NYSE:CXT - Free Report) - Research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for shares of Crane NXT in a research report issued to clients and investors on Friday, May 9th. DA Davidson analyst M. Summerville now forecasts that the company will post earnings of $4.10 per share for the year, down from their prior estimate of $4.17. DA Davidson currently has a "Buy" rating and a $85.00 price target on the stock. The consensus estimate for Crane NXT's current full-year earnings is $4.16 per share. DA Davidson also issued estimates for Crane NXT's FY2026 earnings at $4.85 EPS.
CXT has been the subject of a number of other research reports. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. UBS Group lowered their price objective on Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Crane NXT currently has an average rating of "Moderate Buy" and an average target price of $73.75.
View Our Latest Stock Report on CXT
Crane NXT Stock Performance
Shares of CXT stock traded down $0.13 during midday trading on Monday, hitting $55.14. 339,279 shares of the company were exchanged, compared to its average volume of 388,870. Crane NXT has a 52 week low of $41.54 and a 52 week high of $67.01. The firm has a market capitalization of $3.16 billion, a P/E ratio of 17.29 and a beta of 1.27. The firm's 50 day moving average price is $49.22 and its two-hundred day moving average price is $55.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.
Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $330.30 million for the quarter, compared to the consensus estimate of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share.
Hedge Funds Weigh In On Crane NXT
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CXT. FMR LLC raised its stake in Crane NXT by 4.1% in the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after purchasing an additional 336,765 shares in the last quarter. Vanguard Group Inc. grew its stake in Crane NXT by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock worth $345,303,000 after buying an additional 66,800 shares in the last quarter. Wellington Management Group LLP increased its holdings in Crane NXT by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 3,668,953 shares of the company's stock valued at $188,584,000 after buying an additional 512,813 shares during the period. Victory Capital Management Inc. raised its position in shares of Crane NXT by 13.4% in the 1st quarter. Victory Capital Management Inc. now owns 1,367,931 shares of the company's stock valued at $70,312,000 after buying an additional 161,417 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Crane NXT by 79.3% during the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company's stock worth $78,658,000 after acquiring an additional 597,537 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.
Crane NXT Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. Crane NXT's dividend payout ratio (DPR) is presently 23.37%.
About Crane NXT
(
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Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.
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