Crane NXT, Co. Plans Quarterly Dividend of $0.16 (NYSE:CXT)

Crane NXT, Co. (NYSE:CXT - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.16 per share on Wednesday, June 12th. This represents a $0.64 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, May 31st.

Crane NXT has decreased its dividend payment by an average of 19.7% annually over the last three years.

Crane NXT Trading Down 0.7 %

NYSE CXT traded down $0.41 on Friday, reaching $60.21. The company had a trading volume of 283,187 shares, compared to its average volume of 256,422. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 18.41 and a beta of 1.36. Crane NXT has a fifty-two week low of $48.19 and a fifty-two week high of $63.89. The business has a 50 day moving average of $60.84 and a two-hundred day moving average of $57.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.93 and a quick ratio of 1.46.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The company had revenue of $313.60 million for the quarter, compared to the consensus estimate of $311.72 million. Crane NXT had a return on equity of 20.33% and a net margin of 13.53%. Crane NXT's revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. Analysts forecast that Crane NXT will post 4.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CXT shares. Northland Securities started coverage on shares of Crane NXT in a report on Monday, April 8th. They issued an "outperform" rating and a $91.00 target price on the stock. DA Davidson upped their target price on Crane NXT from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, March 18th.

About Crane NXT

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.