Crane Co. (CR) Issues FY13 Earnings Guidance
Crane Co. (NYSE:CR) issued an update on its FY13 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.10-4.20 for the period, compared to the Thomson Reuters consensus estimate of $4.23, Analyst Ratings Network reports.
Crane Co. (NYSE:CR) traded up 0.46% on Monday, hitting $62.70. The stock had a trading volume of 326,540 shares. Crane Co. has a 52 week low of $39.47 and a 52 week high of $64.68. The stock’s 50-day moving average is $60.0 and its 200-day moving average is $58.15. The company has a market cap of $3.641 billion and a price-to-earnings ratio of 16.88.
Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 28th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by $0.02. The company had revenue of $637.50 million for the quarter, compared to the consensus estimate of $662.88 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that Crane Co. will post $4.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Friday, November 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.91%.
Crane Co (NYSE:CR) is a diversified manufacturer of engineered industrial products.
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