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
Stock Exchange NYSE
Industry Metal cans
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
SymbolNYSE:CCK
CUSIP22836810
Phone215-698-5100
Debt
Debt-to-Equity Ratio8.12
Current Ratio1.18
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio10.20
Forward P/E Ratio7.86
P/E Growth1.17
Sales & Book Value
Annual Sales$8.70 billion
Price / Sales0.64
Cash Flow$5.6796 per share
Price / Cash7.24
Book Value$6.87 per share
Price / Book5.99
Profitability
EPS (Most Recent Fiscal Year)$4.03
Net Income$323 million
Net Margins3.14%
Return on Equity58.64%
Return on Assets5.06%
Miscellaneous
Employees24,000
Outstanding Shares135,190,000
Market Cap$5.79 billion
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 announced that its board has authorized a stock buyback program on Friday, April 7th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.
How were Crown's earnings last quarter?
Crown Holdings, Inc. (NYSE:CCK) issued its quarterly earnings data on Wednesday, July, 18th. The industrial products company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.58 by $0.03. The industrial products company earned $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Crown had a net margin of 3.14% and a return on equity of 58.64%. The company's quarterly revenue was up 41.0% compared to the same quarter last year. During the same period last year, the business earned $1.12 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 updated its FY18 earnings guidance on Wednesday, July, 18th. The company provided earnings per share (EPS) guidance of $5.15-5.30 for the period, compared to the Thomson Reuters consensus estimate of $5.34. Crown also updated its Q3 guidance to $1.60-1.70 EPS.
What price target have analysts set for CCK?
11 brokers have issued 1 year price targets for Crown's stock. Their forecasts range from $50.00 to $72.00. On average, they expect Crown's stock price to reach $61.00 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price. View Analyst Price Targets for Crown.
What is the consensus analysts' recommendation for Crown?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crown in the last year. There are currently 4 hold ratings and 7 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. According to Zacks Investment Research, "Crown Holdings’ adjusted earnings and sales improved on a year-over-year basis in second-quarter 2018. The top line beat the Zacks Consensus Estimate, while the bottom line missed the Consensus mark. The company trimmed its adjusted earnings per share guidance to $5.15-$5.30 for full-year 2018 due to persistent elevated freight costs in North America and foreign currency-translation impact. This currency-translation impact was mainly driven by the weakness in the Brazilian reais against the U.S. dollar. Further, upcoming election and lackluster economic data are the major headwinds for Crown Holdings. Also, 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." (8/13/2018)
- 2. 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)
Who are some of Crown's key competitors?
Some companies that are related to Crown include ATLAS COPCO AB/S (ATLKY), Cintas (CTAS), Parker-Hannifin (PH), SANDVIK AB/ADR (SDVKY), Rockwell Automation (ROK), Stanley Black & Decker (SWK), Atlantia (ATL), ASSA ABLOY AB/S (ASAZY), Tenaris (TS), W W Grainger (GWW), Ferguson (FERGD), Kubota (KUBTY), Ferguson (FERGY), BAE Systems (BA) and Rolls-Royce (RR).
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?
Media coverage about CCK stock has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crown earned a daily sentiment score of 0.20 on Accern's scale. They also assigned news stories about the industrial products company an impact score of 46.48 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Crown.
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 (6.61%), BlackRock Inc. (5.59%), CI INVESTMENTS INC. (5.14%), Janus Henderson Group PLC (3.25%), Voya Investment Management LLC (2.79%) and FMR LLC (2.60%). Company insiders that own Crown stock include David A Beaver, Jenne K Britell, Thomas A Kelly, Timothy J Donahue and William S Urkiel. 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., Point72 Asset Management L.P., First Quadrant L P CA, Janus Henderson Group PLC, Voya Investment Management LLC, BlackRock Inc., Putnam Investments LLC and Teacher Retirement System of Texas. 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 FMR LLC, Fuller & Thaler Asset Management Inc., Cooke & Bieler LP, Strs Ohio, BlueMountain Capital Management LLC, Private Management Group Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Lonestar Capital Management LLC. Company insiders that have bought Crown stock in the last two years include 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 $41.12.
How big of a company is Crown?
Crown has a market capitalization of $5.79 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 (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.
