About Crown (NYSE:CCK)
Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company's business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company's segments within the Americas Division are Americas Beverage and North America Food. The Company's segments within the European Division are European Beverage and European Food. The Company's Asia Pacific Division segment consists of its beverage and non-beverage can operations. The Company is also engaged in European aerosol and specialty packaging business, its North American aerosol can business, and its tooling and equipment operations in the Unites States and the United Kingdom. As of December 31, 2016, the Company operated 146 plants along with sales and service facilities throughout 36 countries. It also has three canmaking and spare part operations in the United States and the United Kingdom.
Industry, Sector and Symbol
Industry Non-Paper Containers & Packaging
Sub-IndustryMetal & Glass Containers
Trailing P/E Ratio14.85
Forward P/E Ratio14.49
Sales & Book Value
Annual Sales$8.28 billion
Price / Sales0.95
Cash Flow$5.64 per share
Price / Cash10.35
Book Value$4.78 per share
Price / Book12.22
Net Income$496 million
Return on Equity60.44%
Return on Assets5.37%
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 stock buyback plan on Friday, April 7th 2017, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes 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 shares are undervalued.
How were Crown's earnings last quarter?
Crown Holdings, Inc. (NYSE:CCK) announced its quarterly earnings data on Wednesday, October, 18th. The industrial products company reported $1.41 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $1.41. The industrial products company earned $2.47 billion during the quarter, compared to the consensus estimate of $2.39 billion. Crown had a net margin of 5.64% and a return on equity of 60.44%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. View Crown's Earnings History.
When will Crown make its next earnings announcement?
What guidance has Crown issued on next quarter's earnings?
Crown updated 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.
Where is Crown's stock going? Where will Crown's stock price be in 2017?
10 analysts have issued 12-month price targets for Crown's shares. Their predictions range from $60.00 to $70.00. On average, they anticipate Crown's share price to reach $63.89 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 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)
Who are some of Crown's key competitors?
Who are Crown's key executives?
Crown's 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
- , Bio & Compensation -
- James H. Miller, Director
- , Bio & Compensation -
- Arnold W. Donald, Independent Director
Who owns Crown stock?
Crown's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Boston Partners (4.03%), Janus Henderson Group PLC (4.02%), Victory Capital Management Inc. (3.04%), JPMorgan Chase & Co. (2.62%), Nordea Investment Management AB (1.55%) and Neuberger Berman Group LLC (1.55%). Company insiders that own Crown 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.
Who sold Crown stock? Who is selling Crown stock?
Crown's stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, JPMorgan Chase & Co., Wells Fargo & Company MN, APG Asset Management N.V., Bank of New York Mellon Corp, Vaughan Nelson Investment Management L.P., Boston Partners and Archon Partners LLC. Company insiders that have sold Crown company stock in the last year include David A Beaver, Jenne K Britell and Thomas A Kelly. View Insider Buying and Selling for Crown.
Who bought Crown stock? Who is buying Crown stock?
Crown's stock was acquired by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Neuberger Berman Group LLC, Strs Ohio, Renaissance Group LLC, Artemis Investment Management LLP, Ameriprise Financial Inc., Prudential Financial Inc. and Victory Capital Management Inc.. View Insider Buying and Selling for Crown.
How do I buy Crown stock?
Shares of Crown 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 Crown stock can currently be purchased for approximately $58.41.
How big of a company is Crown?
Crown has a market capitalization of $7.90 billion and generates $8.28 billion in revenue each year. The industrial products company earns $496 million in net income (profit) each year or $3.50 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Crown (NYSE:CCK) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Hold||Buy||Buy|
|Consensus Rating Score: ||2.50||2.45||2.50||2.73|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$63.89||$63.50||$63.78||$60.91|
|Price Target Upside: ||8.01% upside||7.35% upside||7.62% upside||4.39% upside|
Crown (NYSE:CCK) Consensus Price Target History
Crown (NYSE:CCK) Analyst Ratings History
(Data available from 12/13/2015 forward)
Crown (NYSE:CCK) Earnings History and Estimates Chart
Crown (NYSE CCK) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/18/2017||Q3 2017||$1.41||$1.41||$2.39 billion||$2.47 billion||View||N/A|
|7/19/2017||Q2 2017||$1.10||$1.12||$2.15 billion||$2.16 billion||View||N/A|
|4/19/2017||Q1 2017||$0.70||$0.72||$1.89 billion||$1.90 billion||View||N/A|
|2/2/2017||Q416||$0.70||$0.71||$1.98 billion||$1.92 billion||View||Listen|
|10/19/2016||Q316||$1.30||$1.33||$2.39 billion||$2.33 billion||View||Listen|
|7/20/2016||Q216||$1.11||$1.19||$2.24 billion||$2.14 billion||View||Listen|
|4/20/2016||Q116||$0.63||$0.69||$2.03 billion||$1.89 billion||View||Listen|
|2/3/2016||Q415||$0.69||$0.70||$2.15 billion||$2.03 billion||View||Listen|
|10/19/2015||Q315||$1.31||$1.34||$2.53 million||$2.46 billion||View||Listen|
|7/20/2015||Q215||$1.01||$1.03||$2.42 billion||$2.28 billion||View||Listen|
|4/16/2015||Q115||$0.52||$0.53||$2.06 billion||$2.00 billion||View||Listen|
|2/9/2015||Q414||$0.48||$0.48||$2.19 billion||$2.13 billion||View||Listen|
|10/16/2014||Q314||$1.21||$1.36||$2.62 billion||$2.59 billion||View||Listen|
|7/21/2014||Q214||$1.00||$1.01||$2.37 billion||$2.38 billion||View||Listen|
|4/16/2014||Q114||$0.51||$0.57||$2.02 billion||$1.99 billion||View||Listen|
|2/4/2014||Q413||$0.50||$0.48||$2.10 billion||$2.07 billion||View||Listen|
|10/17/2013||Q313||$1.08||$1.13||$2.36 billion||$2.39 billion||View||Listen|
|7/17/2013||Q2 2013||$0.93||$0.93||$2.28 billion||$2.22 billion||View||Listen|
|4/17/2013||Q1 2013||$0.49||$0.50||$2.02 billion||$1.97 billion||View||Listen|
|1/30/2013||Q4 2012||$0.54||$0.51||$2.05 billion||$2.04 billion||View||Listen|
Crown (NYSE:CCK) Earnings Estimates
2017 EPS Consensus Estimate: $3.98
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Crown (NYSE:CCK)
No dividend announcements for this company have been tracked by MarketBeat.com
Crown (NYSE CCK) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 90.08%
Crown (NYSE CCK) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/19/2017||David A Beaver||VP||Sell||1,000||$56.05||$56,050.00|| |
|4/24/2017||Jenne K Britell||Director||Sell||4,525||$55.65||$251,816.25|| |
|2/10/2017||Thomas A Kelly||Insider||Sell||40,000||$53.18||$2,127,200.00|| |
|5/26/2016||Robert H Bourque Jr||Insider||Sell||715||$52.41||$37,473.15|| |
|5/18/2016||David A Beaver||VP||Sell||1,000||$53.31||$53,310.00|| |
|5/13/2016||Jozef Salaerts||Insider||Sell||1,500||$54.61||$81,915.00|| |
|4/29/2016||Hans J Loliger||Director||Sell||3,000||$53.26||$159,780.00|| |
|4/27/2016||Gerard H Gifford||Insider||Sell||15,000||$53.79||$806,850.00|| |
|4/25/2016||Jozef Salaerts||Insider||Sell||20,399||$53.39||$1,089,102.61|| |
|10/28/2015||David A Beaver||VP||Sell||1,000||$52.89||$52,890.00|| |
|2/23/2015||Jozef Salaerts||Insider||Sell||20,000||$51.75||$1,035,000.00|| |
|11/7/2014||Jozef Salaerts||Insider||Sell||20,000||$48.55||$971,000.00|| |
|9/9/2014||Raymond Leo Mcgowan Jr||Insider||Sell||20,000||$49.81||$996,200.00|| |
|4/29/2014||Raymond Leo Mcgowan, Jr.||Insider||Sell||25,000||$47.19||$1,179,750.00|| |
|4/25/2014||John Conway||CEO||Sell||45,319||$47.51||$2,153,105.69|| |
|4/25/2014||Thomas Kelly||CFO||Sell||28,244||$47.50||$1,341,590.00|| |
|4/24/2014||John Conway||CEO||Sell||54,503||$46.80||$2,550,740.40|| |
|11/19/2013||Arnold Donald||Director||Sell||27,000||$43.62||$1,177,740.00|| |
|6/12/2013||Jozef Salaerts||Insider||Sell||5,000||$42.62||$213,100.00|| |
|6/5/2013||Jim L Turner||Director||Buy||10,000||$41.68||$416,800.00|| |
|5/15/2013||Jozef Salaerts||Insider||Sell||5,000||$43.62||$218,100.00|| |
|11/13/2012||John W Conway||CEO||Sell||535,000||$37.14||$19,869,900.00|| |
Crown (NYSE CCK) News Headlines
|Crown Holdings, Inc. (CCK) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - December 8 at 7:44 PM
|ETFs with exposure to Crown Holdings, Inc. : December 5, 2017|
finance.yahoo.com - December 5 at 5:14 PM
|Crown Holdings, Inc. breached its 50 day moving average in a Bullish Manner : CCK-US : December 5, 2017|
finance.yahoo.com - December 5 at 10:14 AM
|Crown (CCK) vs. Its Competitors Head to Head Analysis|
www.americanbankingnews.com - December 2 at 9:36 PM
|Head to Head Survey: TriMas (TRS) vs. Crown (CCK)|
www.americanbankingnews.com - December 2 at 1:08 PM
|Crown Holdings, Inc. (CCK) Expected to Announce Quarterly Sales of $2.03 Billion|
www.americanbankingnews.com - December 2 at 6:00 AM
|UBS Initiates Coverage on Crown (CCK)|
www.americanbankingnews.com - November 29 at 8:54 PM
|BRIEF-CCK Consolidated posts qtrly net profit 9.8 mln rgt |
finance.yahoo.com - November 24 at 11:18 AM
|Why Is Crown Holdings (CCK) Down 2% Since the Last Earnings Report?|
finance.yahoo.com - November 20 at 3:58 PM
|Reviewing Crown Holdings (CCK) & The Competition|
www.americanbankingnews.com - November 18 at 1:28 AM
|Critical Survey: Crown Holdings (CCK) vs. Its Peers|
www.americanbankingnews.com - November 16 at 5:08 PM
|Crown Holdings, Inc. (CCK) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - November 13 at 7:56 PM
|Crown Holdings, Inc. (CCK) Expected to Post Earnings of $0.79 Per Share|
www.americanbankingnews.com - November 12 at 5:22 AM
|Crown Holdings, Inc. (CCK) Receives "Hold" Rating from KeyCorp|
www.americanbankingnews.com - November 11 at 12:20 PM
|ETFs with exposure to Crown Holdings, Inc. : November 6, 2017|
finance.yahoo.com - November 6 at 6:13 PM
|Crown Holdings, Inc. :CCK-US: Earnings Analysis: Q3, 2017 By the Numbers : November 3, 2017|
finance.yahoo.com - November 4 at 7:58 AM
|Crown Maintains Leadership Position With CDP for Second Consecutive Year|
finance.yahoo.com - November 1 at 5:49 PM
|Sonoco Products (SON) vs. Crown Holdings (CCK) Financial Survey|
www.americanbankingnews.com - October 31 at 5:24 PM
|Crown Holdings, Inc. – Value Analysis (NYSE:CCK) : October 27, 2017|
finance.yahoo.com - October 27 at 7:40 PM
|Crown Holdings, Inc. breached its 50 day moving average in a Bearish Manner : CCK-US : October 26, 2017|
finance.yahoo.com - October 26 at 8:37 AM
|Crown Holdings (CCK) & Sonoco Products (SON) Financial Review|
www.americanbankingnews.com - October 24 at 6:16 AM
|Crown Holdings, Inc. (CCK) to Post Q4 2017 Earnings of $0.80 Per Share, KeyCorp Forecasts|
www.americanbankingnews.com - October 23 at 5:20 AM
|Wells Fargo & Co Raises Crown Holdings, Inc. (CCK) Price Target to $60.00|
www.americanbankingnews.com - October 21 at 12:02 AM
|Crown Holdings, Inc. (CCK) PT Raised to $70.00|
www.americanbankingnews.com - October 20 at 10:18 PM
|Crown Holdings (CCK) Q3 Earnings In Line, Revenues Beat|
finance.yahoo.com - October 20 at 3:20 PM
|Crown meets 3Q profit forecasts|
finance.yahoo.com - October 19 at 10:34 PM
|Crown Holdings, Inc. (CCK) Given Hold Rating at KeyCorp|
www.americanbankingnews.com - October 19 at 8:22 PM
|Crown Holdings, Inc. (CCK) Posts Quarterly Earnings Results, Hits Expectations|
www.americanbankingnews.com - October 18 at 9:09 PM
|Crown Holdings, Inc. (CCK) Releases Q4 Earnings Guidance|
www.americanbankingnews.com - October 18 at 9:08 PM
|Crown Holdings Inc. Announces 2% Increase In Q3 Bottom Line|
www.rttnews.com - October 18 at 6:22 PM
|Crown Holdings, Inc. Reports Third Quarter 2017 Results|
finance.yahoo.com - October 18 at 6:22 PM
|Crown Holdings, Inc. (CCK) to Release Quarterly Earnings on Tuesday|
www.americanbankingnews.com - October 10 at 1:32 AM
|KeyCorp Comments on Crown Holdings, Inc.'s Q3 2017 Earnings (CCK)|
www.americanbankingnews.com - October 6 at 7:42 AM
| Analysts Expect Crown Holdings, Inc. (CCK) to Announce $1.41 Earnings Per Share|
www.americanbankingnews.com - October 4 at 10:24 AM
|Crown Holdings, Inc. (CCK) Given "Hold" Rating at KeyCorp|
www.americanbankingnews.com - October 3 at 1:32 PM
|Crown Holdings Schedules Third Quarter 2017 Earnings Conference Call|
finance.yahoo.com - September 26 at 4:03 PM
|Crown Holdings, Inc. (CCK) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - September 24 at 6:58 PM
|Reasons to Hold on to Crown Holdings (CCK) Stock for Now|
finance.yahoo.com - September 15 at 5:25 PM
|Crown Holdings (CCK) vs. Ardagh Group (ARD) Critical Survey|
www.americanbankingnews.com - September 7 at 8:30 PM
|Crown Holdings, Inc. – Value Analysis (NYSE:CCK) : September 6, 2017|
finance.yahoo.com - September 5 at 11:40 PM
|Critical Contrast: Ardagh Group (ARD) vs. Crown Holdings (CCK)|
www.americanbankingnews.com - September 5 at 6:16 AM
|Crown Holdings, Inc. (CCK) Stock Rating Reaffirmed by BMO Capital Markets|
www.americanbankingnews.com - September 4 at 6:18 AM
|Crown Holdings, Inc. breached its 50 day moving average in a Bullish Manner : CCK-US : September 1, 2017|
finance.yahoo.com - September 1 at 5:19 PM
|Crown Holdings, Inc. (CCK) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - August 30 at 7:02 PM
|Crown Holdings, Inc. (CCK) Expected to Post Quarterly Sales of $2.40 Billion|
www.americanbankingnews.com - August 30 at 3:16 PM
|Crown Holdings, Inc. (CCK) Given a $70.00 Price Target at Jefferies Group LLC|
www.americanbankingnews.com - August 29 at 8:56 PM
|Critical Survey: Multi Packaging Solutions Intrntnl (MPSX) and Crown Holdings (CCK)|
www.americanbankingnews.com - August 28 at 10:06 PM
| Analysts Expect Crown Holdings, Inc. (CCK) Will Announce Earnings of $1.41 Per Share|
www.americanbankingnews.com - August 28 at 6:18 AM
|Crown Holdings (CCK) Down 3.4% Since Earnings Report: Can It Rebound?|
finance.yahoo.com - August 22 at 5:36 PM
|IHS Markit Score downgrades Crown Holdings Inc to 23 out of 100, ranking positively in two out of three available IHS Markit categories.|
finance.yahoo.com - August 12 at 3:33 AM
Crown (NYSE:CCK) SEC Filings
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Crown (NYSE:CCK) Income Statement, Balance Sheet and Cash Flow Statement
Crown (NYSE CCK) Stock Chart for Wednesday, December, 13, 2017