NYSE:CCK - Crown Stock Price, News, & Analysis

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$53.28 +0.13 (+0.24 %)
(As of 02/18/2019 04:00 PM ET)
Previous Close$53.15
Today's Range$53.07 - $53.68
52-Week Range$39.05 - $54.62
Volume1.20 million shs
Average Volume1.74 million shs
Market Capitalization$7.20 billion
P/E Ratio10.25
Dividend YieldN/A
Beta1.67
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.

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Industry, Sector and Symbol

Industry Metal cans
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
CUSIP22836810
Phone215-698-5100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.15 billion
Cash Flow$5.7976 per share
Book Value$6.87 per share

Profitability

Net Income$439 million

Miscellaneous

Employees24,000
Market Cap$7.20 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 approved a stock buyback 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 purchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

How were Crown's earnings last quarter?

Crown Holdings, Inc. (NYSE:CCK) posted its quarterly earnings data on Wednesday, February, 6th. The industrial products company reported $1.00 earnings per share for the quarter, hitting analysts' consensus estimates of $1.00. The industrial products company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.81 billion. Crown had a return on equity of 58.67% and a net margin of 3.94%. The firm's revenue was up 26.1% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. View Crown's Earnings History.

When is Crown's next earnings date?

Crown is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Crown.

What guidance has Crown issued on next quarter's earnings?

Crown updated its FY19 earnings guidance on Wednesday, February, 6th. The company provided EPS guidance of $5.20-5.40 for the period, compared to the Thomson Reuters consensus estimate of $5.69. Crown also updated its FY 2019 guidance to $5.20-5.40 EPS.

What price target have analysts set for CCK?

10 Wall Street analysts have issued 1 year price targets for Crown's shares. Their predictions range from $49.00 to $72.00. On average, they anticipate Crown's stock price to reach $59.20 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Price Targets for Crown.

What is the consensus analysts' recommendation for Crown?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crown in the last year. There are currently 2 hold ratings 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 expect CCK to continue to hit its cash flow targets but also to struggle to grow organic EBIT, particularly as the global economy continues to slow. We expect flat organic EBIT in 2019 even with N.A. beverage can price increases. We think CCK is a stable business that generates reasonably predictable results, but the valuation should reflect limited growth. We are reducing our 2019 adj. EPS estimate from $5.51 to $5.32 (guidance is $5.20- $5.40); we were below consensus for 2019 coming into the release, and the Company indeed guided below consensus (on pension and FX). Our 2019 adj. EBIT estimate is coming down by 2% following the 4Q miss, and results in flat organic EBIT following a year in which organic EBIT declined by 4%; we think flat organic EBIT is an appropriate assumption given the Company’s difficulty growing EBIT in years past." (2/7/2019)
  • 2. According to Zacks Investment Research, "Crown Holdings projects fourth-quarter 2018 earnings per share between 97 cents and $1.20. Crown Holdings' results in the fourth quarter will be impacted by damages caused by hurricanes Florence and Michael. Its performance will be hurt by elevated freight costs in North America and negative impact of foreign currency-translation. The company will also bear the brunt of fluctuations in the price of raw materials due to tariffs. High level of indebtedness and substantial competition also remain matter of concerns. Moreover, its shares have underperformed the industry over the past year." (1/29/2019)

Has Crown been receiving favorable news coverage?

Headlines about CCK stock have been trending positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Crown earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the near term.

Who are some of Crown's key competitors?

Who are Crown's key executives?

Crown's management team includes the folowing people:
  • Mr. Timothy J. Donahue, Pres, CEO & Director (Age 56)
  • Mr. Thomas A. Kelly, Sr. VP & CFO (Age 60)
  • Mr. Gerard H. Gifford, Exec. VP & COO (Age 64)
  • Mr. Djalma Novaes Jr., Pres of Americas Division (Age 58)
  • Mr. Didier Michel Sourisseau, Pres of European Division (Age 53)

Who are Crown's major shareholders?

Crown's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.66%), Massachusetts Financial Services Co. MA (3.96%), Boston Partners (1.51%), CI Investments Inc. (1.35%), Brandywine Global Investment Management LLC (1.16%) and Strs Ohio (1.02%). Company insiders that own Crown stock include Andrea J Funk, David A Beaver, Jenne K Britell, John W Conway, 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 Massachusetts Financial Services Co. MA, Boston Partners, Park West Asset Management LLC, LSV Asset Management, Vaughan Nelson Investment Management L.P., Anchor Bolt Capital LP, Renaissance Group LLC and Canada Pension Plan Investment Board. Company insiders that have sold Crown company stock in the last year include David A Beaver and John W Conway. 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 CI Investments Inc., DNB Asset Management AS, Tensile Capital Management LLC, Dimensional Fund Advisors LP, Manor Road Capital Partners LLC, Castleark Management LLC, Soapstone Management L.P. and SPX Equities Gestao de Recursos Ltda. 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 $53.28.

How big of a company is Crown?

Crown has a market capitalization of $7.20 billion and generates $11.15 billion in revenue each year. The industrial products company earns $439 million in net income (profit) each year or $5.20 on an earnings per share basis. Crown employs 24,000 workers across the globe.

What is Crown's official website?

The official website for Crown is http://www.crowncork.com.

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  427 (Vote Outperform)
Underperform Votes:  366 (Vote Underperform)
Total Votes:  793
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.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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