Crane NXT (CXT) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crane NXT in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CXT shares.
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4 brokerages have issued 1 year target prices for Crane NXT's stock. Their CXT share price targets range from $65.00 to $100.00. On average, they anticipate the company's share price to reach $81.50 in the next twelve months. This suggests a possible upside of 32.9% from the stock's current price.
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Crane NXT's stock was trading at $56.87 at the beginning of 2024. Since then, CXT stock has increased by 7.8% and is now trading at $61.33.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Crane NXT will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Crane NXT, Co. (NYSE:CXT) announced its earnings results on Thursday, February, 15th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.07. The company earned $356.90 million during the quarter, compared to analysts' expectations of $340.89 million. Crane NXT had a trailing twelve-month return on equity of 20.33% and a net margin of 13.53%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS.

Crane NXT declared a quarterly dividend on Wednesday, February 14th. Investors of record on Thursday, February 29th will be paid a dividend of $0.16 per share on Wednesday, March 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for CXT.

Crane NXT (NYSE:CXT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CXT will have a dividend payout ratio of 14.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CXT.

ETFs with the largest weight of Crane NXT (NYSE:CXT) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD), Pinnacle Focused Opportunities ETF (FCUS), Profound Medical (PRN), First Trust Mid Cap Value AlphaDEX Fund (FNK), First Trust Mid Cap Core AlphaDEX Fund (FNX) and Simplify High Yield PLUS Credit Hedge ETF (CDX).JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Crane NXT issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of 4.100-4.350 for the period, compared to the consensus EPS estimate of 4.320. The company issued revenue guidance of -.

Crane NXT's stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (1.05%), Congress Wealth Management LLC DE (0.16%), Allspring Global Investments Holdings LLC (0.16%), State of Michigan Retirement System (0.02%), Register Financial Advisors LLC (0.02%) and Griffin Asset Management Inc. (0.01%). Insiders that own company stock include Cristen L Kogl, Cristen L Kogl, Kurt F Gallo and Max H Mitchell.
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Shares of CXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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