Crown Holdings Company Profile (NYSE:CCK)

Crown Holdings trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCK."

Crown Holdings declared that its board has approved a stock buyback plan on Friday, April 7th 2017, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 13.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Crown Holdings, Inc. (NYSE:CCK) issued its earnings results on Wednesday, October, 18th. The company reported $1.41 earnings per share for the quarter, meeting analysts' consensus estimates of $1.41. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. Crown Holdings had a return on equity of 65.80% and a net margin of 5.64%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. View Crown Holdings' Earnings History.

Crown Holdings issued an update on its fourth quarter earnings guidance on Wednesday, October, 18th. The company provided earnings per share (EPS) guidance of $0.75 to $0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79.

10 brokerages have issued 12 month price objectives for Crown Holdings' shares. Their forecasts range from $60.00 to $70.00. On average, they anticipate Crown Holdings' share price to reach $63.89 in the next year. View Analyst Ratings for Crown Holdings.

Here are some recent quotes from research analysts about Crown Holdings stock:

• 1. KeyCorp analysts commented, "We are modestly increasing our 2017 adj. EPS estimate for Crown Holdings (CCK) on account of the recent strength in the euro. CCK assumed a euro rate of $1.14 for 2H17, and in 3Q17, the euro averaged $1.17. Consequently, CCK will have close to a $0.01 FX benefit relative to its guidance in 3Q17, and would have a comparable benefit in 4Q17 assuming the euro remains at $1.17-$1.18. Consequently, we are raising our 2017 estimate by $0.02 to $4.04 (guidance is $3.90-$4.05, and consensus is $4.03). Key Investment Points Aside from FX, we assume CCK experienced continued strength in SE Asia and Continental Europe, and we expect another solid earnings report partly as a result. Items to watch for include the Middle East (specifically Saudi Arabia, which was a source of weakness in 2Q17), continued weakness in the U.S." (10/3/2017)
• 2. According to Zacks Investment Research, "To meet growing beverage can demand, Crown Holdings intends to build new facilities and is poised to gain from the geographic expansion of its beverage can lines. Additionally, it is poised to gain from potential strategic acquisitions in geographic areas and product lines. Year-to-date, Crown Holdings has outperformed the industry. The company has a positive record of earnings surprises in the last few quarters. However, volumes will be impacted in the Middle East by the ongoing conflicts in the region and introduction of beverage taxes in Saudi Arabia. Further, weak global food and aerosol can volumes, mature North American food can and closure markets, pricing pressure in China remain concerns." (10/3/2017)
• 3. Jefferies Group LLC analysts commented, "While CCK is facing some headwinds, it's managing it well and we expect earnings to inflect in 2018. Separately, following a multi-year reinvestment cycle, FCF generation should accelerate next year and we remain comfortable with our Buy." (2/6/2017)

Some companies that are related to Crown Holdings include Ball Corporation (BLL), Avery Dennison Corporation (AVY), Sealed Air Corporation (SEE), Sonoco Products Company (SON), Bemis Company (BMS), Silgan Holdings (SLGN), Greif Bros. Corporation (GEF), TriMas Corp (TRS), Ardagh Group S.A. (ARD) and Multi Packaging Solutions Intrntnl Ltd (MPSX).

Crown Holdings' management team includes the folowing people:

• Timothy Joseph Donahue, President, Chief Executive Officer, Director
• Thomas A. Kelly, Chief Financial Officer, Senior Vice President
• Robert H. Bourque Jr., President - Asia Pacific Division
• Djalma Novaes Jr., President - Americas Division
• Gerard H. Gifford, Chief Operating Officer, Executive Vice President
• David A. Beaver, Vice President, Corporate Controller
• John W. Conway, Non-Executive Chairman of the Board
• Andrea J. Funk, Director
• James H. Miller, Director
• Arnold W. Donald, Independent Director

Crown Holdings' stock is owned by a number of of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (0.76%), Pensionfund DSM Netherlands (0.04%), Pensionfund Sabic (0.02%), Shell Asset Management Co. (0.02%), Quantitative Systematic Strategies LLC (0.01%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Crown Holdings stock include David A Beaver, Gerard H Gifford, Hans J Loliger, Jenne K Britell, Jozef Salaerts, Robert H Bourque Jr and Thomas A Kelly. View Institutional Ownership Trends for Crown Holdings.

Crown Holdings' stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Meeder Asset Management Inc.. Company insiders that have sold Crown Holdings stock in the last year include David A Beaver, Jenne K Britell and Thomas A Kelly. View Insider Buying and Selling for Crown Holdings.

Crown Holdings' stock was purchased by a variety of institutional investors in the last quarter, including Pensionfund DSM Netherlands, Pensionfund Sabic, Shell Asset Management Co., Quantitative Systematic Strategies LLC and Oakbrook Investments LLC. View Insider Buying and Selling for Crown Holdings.

Shares of Crown Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Crown Holdings stock can currently be purchased for approximately $60.87.