About Crown Holdings (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:
- Sector: Industrial Products
- Industry: Non-Paper Containers & Packaging
- Sub-Industry: Metal & Glass Containers
- Symbol: NYSE:CCK
- CUSIP: 22836810
- Web: www.crowncork.com
- Market Cap: $8.24 billion
- Outstanding Shares: 135,300,000
- 50 Day Moving Avg: $60.16
- 200 Day Moving Avg: $58.17
- 52 Week Range: $51.57 - $61.61
Sales & Book Value:
- Trailing P/E Ratio: 17.44
- Foreward P/E Ratio: 13.56
- P/E Growth: 1.91
- Annual Revenue: $8.31 billion
- Price / Sales: 0.99
- Book Value: $4.60 per share
- Price / Book: 13.23
- EBITDA: $1.32 billion
- Net Margins: 5.64%
- Return on Equity: 65.80%
- Return on Assets: 5.45%
- Debt-to-Equity Ratio: 5.63%
- Current Ratio: 1.08%
- Quick Ratio: 0.55%
- Average Volume: 694,085 shs.
- Beta: 1.4
Frequently Asked Questions for Crown Holdings (NYSE:CCK)
What is Crown Holdings' stock symbol?
Crown Holdings trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCK."
How will Crown Holdings' stock buyback program work?
Crown Holdings announced that its Board of Directors has approved a share repurchase program on Friday, April 7th 2017, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Crown Holdings' earnings last quarter?
Crown Holdings, Inc. (NYSE:CCK) announced its quarterly earnings results on Wednesday, October, 18th. The company reported $1.41 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate 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 net margin of 5.64% and a return on equity of 65.80%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. View Crown Holdings' Earnings History.
What guidance has Crown Holdings issued on next quarter's earnings?
Crown Holdings updated its fourth quarter earnings guidance on Wednesday, October, 18th. The company provided 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 Holdings' stock going? Where will Crown Holdings' stock price be in 2017?
10 brokerages have issued 12-month target prices for Crown Holdings' shares. Their predictions range from $60.00 to $70.00. On average, they anticipate Crown Holdings' stock price to reach $63.89 in the next year. View Analyst Ratings for Crown Holdings.
What are analysts saying about Crown Holdings stock?
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)
Who are some of Crown Holdings' key competitors?
Who are Crown Holdings' key executives?
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
Who owns Crown Holdings stock?
Crown Holdings' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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.
Who sold Crown Holdings stock? Who is selling Crown Holdings stock?
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.
Who bought Crown Holdings stock? Who is buying Crown Holdings stock?
Crown Holdings' stock was bought 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.
How do I buy Crown Holdings stock?
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.
What is Crown Holdings' stock price today?
MarketBeat Community Rating for Crown Holdings (NYSE CCK)MarketBeat's community ratings are surveys of what our community members think about Crown Holdings 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.
One share of Crown Holdings stock can currently be purchased for approximately $60.87.
Consensus Ratings for Crown Holdings (NYSE:CCK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||5 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$63.89 (4.96% upside)|Consensus Price Target History for Crown Holdings (NYSE:CCK)
Analysts' Ratings History for Crown Holdings (NYSE:CCK)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Barclays PLC||Boost Price Target||Overweight||$69.00 -> $70.00||N/A|
|10/20/2017||Wells Fargo & Company||Boost Price Target||Market Perform||$57.00 -> $60.00||N/A|
|9/4/2017||BMO Capital Markets||Reiterated Rating||Buy||$65.00||Low|
|8/28/2017||Jefferies Group LLC||Set Price Target||Buy||$70.00||Low|
|7/21/2017||Vertical Research||Downgrade||Buy -> Hold||$60.00 -> $64.00||Low|
|7/18/2017||Deutsche Bank AG||Reiterated Rating||Hold||$58.00 -> $61.00||Low|
|7/12/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$62.00||Low|
|4/14/2017||Citigroup Inc.||Reiterated Rating||Buy||$62.00 -> $63.00||N/A|
|2/16/2017||Credit Suisse Group||Set Price Target||Hold||$60.00||N/A|
|6/2/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Hold||N/A|
|2/19/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||$58.00||N/A|
|2/5/2016||Macquarie||Boost Price Target||Outperform||$57.00 -> $58.00||N/A|
|11/2/2015||Robert W. Baird||Boost Price Target||Outperform||$52.00 -> $58.00||N/A|
Earnings History for Crown Holdings (NYSE:CCK)Earnings History by Quarter for Crown Holdings (NYSE CCK)
(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|
Earnings Estimates for Crown Holdings (NYSE:CCK)
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 Holdings (NYSE:CCK)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Crown Holdings (NYSE:CCK)
Insider Ownership Percentage: 1.80%Insider Trades by Quarter for Crown Holdings (NYSE:CCK)
Institutional Ownership Percentage: 90.15%
(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|| |
Headline Trends for Crown Holdings (NYSE:CCK)
Latest Headlines for Crown Holdings (NYSE:CCK)
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Crown Holdings (CCK) Chart for Monday, October, 23, 2017