Crown Holdings, Inc. designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps. The company sells these products to the soft drink, food, citrus, brewing, household products, personal care, and various other industries. It also offers aerosol cans and ends; and promotional and specialty packaging containers with various lid and closure variations. The company was founded in 1927 and is headquartered in Yardley, Pennsylvania.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Metal cans
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
Current SymbolNYSE:CCK
Previous Symbol
CUSIP22836810
Phone215-698-5100
Debt
Debt-to-Equity Ratio6.82
Current Ratio1.14
Quick Ratio0.68
Price-To-Earnings
Trailing P/E Ratio11.40
Forward P/E Ratio8.83
P/E Growth1.25
Sales & Book Value
Annual Sales$8.70 billion
Price / Sales0.71
Cash Flow$5.9740 per share
Price / Cash Flow7.69
Book Value$6.87 per share
Price / Book6.69
Profitability
EPS (Most Recent Fiscal Year)$4.03
Net Income$323 million
Net Margins2.81%
Return on Equity59.62%
Return on Assets4.91%
Miscellaneous
Employees24,000
Outstanding Shares135,190,000
Market Cap$6.15 billion
OptionableOptionable
Crown (NYSE:CCK) Frequently Asked Questions
What is Crown's stock symbol?
Crown trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCK."
How will Crown's stock buyback program work?
Crown declared that its board has authorized a share buyback plan on Friday, April 7th 2017, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 13.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
How were Crown's earnings last quarter?
Crown Holdings, Inc. (NYSE:CCK) announced its quarterly earnings results on Wednesday, October, 17th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The industrial products company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.17 billion. Crown had a return on equity of 59.62% and a net margin of 2.81%. The business's revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. View Crown's Earnings History.
When is Crown's next earnings date?
What guidance has Crown issued on next quarter's earnings?
Crown issued an update on its fourth quarter earnings guidance on Wednesday, October, 17th. The company provided earnings per share guidance of $0.97-1.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.07. Crown also updated its Q4 2018 guidance to $0.97-1.02 EPS.
What price target have analysts set for CCK?
9 brokers have issued 12-month target prices for Crown's shares. Their forecasts range from $50.00 to $72.00. On average, they anticipate Crown's share price to reach $61.1250 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price. View Analyst Price Targets for Crown.
What is the consensus analysts' recommendation for Crown?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crown in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Crown.
What are Wall Street analysts saying about Crown stock?
Here are some recent quotes from research analysts about Crown stock:
- 1. KeyCorp analysts commented, "We believe CCK’s guidance implies a modest organic EBIT decline in 2018; the Company has had difficulty generating consistent organic EBIT growth in years past, as have most other U.S. packaging companies. CCK trades at a reasonable valuation on EBITDA and cash flow, in our view, in line with its historical EBITDA multiple." (10/18/2018)
- 2. According to Zacks Investment Research, "Crown Holdings' adjusted earnings per share guidance of $5.15-$5.30 for full-year 2018 includes the impact of persistent elevated freight costs in North America and foreign currency-translation effect. This currency-translation impact was mainly driven by the weakness in the Brazilian reais against the U.S. dollar. Also, higher interest expenses will continue to thwart margins. Political or economic instability in Middle East, South America and Asia may hurt its performance. Moreover, its shares have underperformed the industry over the past year. However, the company is poised to gain from disciplined pricing, cost control, capital allocation and geographic expansion. In addition, strong performance of its Transit Packaging business remains a major growth driver." (10/18/2018)
Has Crown been receiving favorable news coverage?
News articles about CCK stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Crown earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Crown's key competitors?
Some companies that are related to Crown include Ingersoll-Rand (IR), Komatsu (KMTUY), Parker-Hannifin (PH), ATLAS COPCO AB/S (ATLKY), Kubota (KUBTY), ASSA ABLOY AB/S (ASAZY), Rockwell Automation (ROK), Cintas (CTAS), SANDVIK AB/ADR (SDVKY), Stanley Black & Decker (SWK), Ball (BLL), W W Grainger (GWW), Ferguson (FERGY), Tenaris (TS) and TORAY INDUSTRIE/ADR (TRYIY).
Who are Crown's key executives?
Crown's management team includes the folowing people:
- Mr. Timothy J. Donahue, Pres, CEO & Director (Age 55)
- Mr. Thomas A. Kelly, Sr. VP & CFO (Age 59)
- Mr. Gerard H. Gifford, Exec. VP & COO (Age 63)
- Mr. Djalma Novaes Jr., Pres of Americas Division (Age 57)
- Mr. Didier Michel Sourisseau, Pres of European Division (Age 52)
Who are Crown's major shareholders?
Crown's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.87%), Vanguard Group Inc (8.87%), Massachusetts Financial Services Co. MA (6.44%), BlackRock Inc. (5.72%), CI Global Investments Inc. (5.47%) and JPMorgan Chase & Co. (4.71%). Company insiders that own Crown stock include Andrea J Funk, David A Beaver, Jenne K Britell, Thomas A Kelly, Timothy J Donahue and William S Urkiel. View Institutional Ownership Trends for Crown.
Which institutional investors are selling Crown stock?
CCK stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Point72 Asset Management L.P., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, BlueMountain Capital Management LLC, Mitsubishi UFJ Trust & Banking Corp, Massachusetts Financial Services Co. MA, Grand Jean Capital Management Inc. and Nordea Investment Management AB. View Insider Buying and Selling for Crown.
Which institutional investors are buying Crown stock?
CCK stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Fuller & Thaler Asset Management Inc., Sterling Capital Management LLC, TIAA CREF Investment Management LLC, Janus Henderson Group PLC, CI Global Investments Inc., Goldentree Asset Management LP and Victory Capital Management Inc.. Company insiders that have bought Crown stock in the last two years include Andrea J Funk, Timothy J Donahue and William S Urkiel. View Insider Buying and Selling for Crown.
How do I buy shares of Crown?
Shares of CCK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Crown's stock price today?
One share of CCK stock can currently be purchased for approximately $45.94.
How big of a company is Crown?
Crown has a market capitalization of $6.15 billion and generates $8.70 billion in revenue each year. The industrial products company earns $323 million in net income (profit) each year or $4.03 on an earnings per share basis. Crown employs 24,000 workers across the globe.
What is Crown's official website?
How can I contact Crown?
Crown's mailing address is 770 TOWNSHIP LINE ROAD, YARDLEY PA, 19067. The industrial products company can be reached via phone at 215-698-5100 or via email at [email protected]
MarketBeat Community Rating for Crown (NYSE CCK)
MarketBeat's community ratings are surveys of what our community members think about Crown and other stocks. Vote "Outperform" if you believe CCK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CCK will underperform the S&P 500 over the long term. You may vote once every thirty days.
