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 Philadelphia, Pennsylvania.
Industry, Sector and Symbol
Industry Metal cans
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
SymbolNYSE:CCK
CUSIP22836810
Phone215-698-5100
Debt
Debt-to-Equity Ratio6.99
Current Ratio1.84
Quick Ratio1.34
Price-To-Earnings
Trailing P/E Ratio11.13
Forward P/E Ratio8.21
P/E Growth1.19
Sales & Book Value
Annual Sales$8.70 billion
Price / Sales0.69
Cash Flow$5.8538 per share
Price / Cash7.66
Book Value$6.87 per share
Price / Book6.53
Profitability
EPS (Most Recent Fiscal Year)$4.03
Net Income$323 million
Net Margins3.40%
Return on Equity56.15%
Return on Assets5.15%
Miscellaneous
Employees24,000
Outstanding Shares134,310,000
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 of Directors has approved a share repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 13.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
How were Crown's earnings last quarter?
Crown Holdings, Inc. (NYSE:CCK) announced its quarterly earnings results on Wednesday, April, 18th. The industrial products company reported $0.94 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.14. The industrial products company earned $2.20 billion during the quarter, compared to the consensus estimate of $2.06 billion. Crown had a return on equity of 56.15% and a net margin of 3.40%. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. 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 FY18 earnings guidance on Wednesday, April, 18th. The company provided EPS guidance of $5.35-5.55 for the period, compared to the Thomson Reuters consensus estimate of $4.65. Crown also updated its Q2 guidance to $1.55-1.65 EPS.
What price target have analysts set for CCK?
12 equities research analysts have issued 12-month price targets for Crown's stock. Their forecasts range from $58.00 to $72.00. On average, they expect Crown's stock price to reach $64.3636 in the next year. 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 wrote last quarter that we were warming up to the stock given its recent weakness, and the weakness has persisted. The implied 2019E FCF yield on market cap (based on guidance) looks compelling at ~10%, but leverage is a concern and the yield on pro forma 2018E FCF is closer to 8.5%, roughly in line with some other packaging companies (including Berry Global). Consequently, we reiterate our SW rating for the time being." (4/20/2018)
- 2. According to Zacks Investment Research, "Crown Holdings’ recent acquisition of Signode for $3.91 billion will add a portfolio of premier transit and protective packaging franchises to its metal packaging business. Further, the buyout will broaden and diversify Crown Holdings’ customer base, facilitating growth in cash flow. Moreover, the company is expected to benefit from geographic expansion of its beverage can lines which will help it capitalize on the rise in global beverage can demand. The company expects its adjusted earnings per share will be in the range of $4.30-$4.50 in 2018, reflecting 9% year-over-year growth at the mid-point. It also projects first-quarter 2018 earnings per share in the range of 75-85 cents. Notably, the stock has outperformed the industry in the past month." (4/11/2018)
Who are some of Crown's key competitors?
Some companies that are related to Crown include Ingersoll-Rand (IR), Parker-Hannifin (PH), ASSA ABLOY AB/S (ASAZY), Rockwell Automation (ROK), SANDVIK AB/ADR (SDVKY), Stanley Black & Decker (SWK), Atlantia (ATL), Tenaris (TS), Kubota (KUBTY), Cintas (CTAS), Ferguson (FERGY), BAE Systems (BA), W W Grainger (GWW), Rolls-Royce (RR) and ASHTEAD Grp PLC/ADR (ASHTY).
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)
Has Crown been receiving favorable news coverage?
News headlines about CCK stock have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Crown earned a news sentiment score of 0.09 on Accern's scale. They also gave news headlines about the industrial products company an impact score of 46.23 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Crown's major shareholders?
Crown's stock is owned by many different of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (6.62%), BlackRock Inc. (5.92%), CI INVESTMENTS INC. (5.14%), JPMorgan Chase & Co. (3.55%), CI Global Investments Inc. (2.43%) and Boston Partners (2.34%). Company insiders that own Crown stock include David A Beaver, Jenne K Britell, Thomas A Kelly and Timothy J Donahue. View Institutional Ownership Trends for Crown.
Which major investors are selling Crown stock?
CCK stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Boston Partners, Neuberger Berman Group LLC, Osterweis Capital Management Inc., Amundi Pioneer Asset Management Inc., Massachusetts Financial Services Co. MA, Avenir Corp and Northern Trust Corp. View Insider Buying and Selling for Crown.
Which major investors are buying Crown stock?
CCK stock was purchased by a variety of institutional investors in the last quarter, including CI Global Investments Inc., JPMorgan Chase & Co., BlackRock Inc., Cooke & Bieler LP, Vaughan Nelson Investment Management L.P., Teacher Retirement System of Texas, Private Management Group Inc. and Citigroup Inc.. 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 $44.84.
How big of a company is Crown?
Crown has a market capitalization of $6.09 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.
How can I contact Crown?
Crown's mailing address is ONE CROWN WAY, PHILADELPHIA PA, 19154. The industrial products company can be reached via phone at 215-698-5100 or via email at [email protected]
MarketBeat Community Rating for Crown (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.
