Crown Holdings (CCK) Announces Quarterly Results
Crown Holdings (NYSE:CCK) posted its quarterly earnings results on Tuesday. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.02, American Banking News.com reports. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
Crown Holdings (NYSE:CCK) opened at 40.32 on Tuesday. Crown Holdings has a 1-year low of $37.76 and a 1-year high of $45.40. The stock has a 50-day moving average of $43.10 and a 200-day moving average of $43.27. The company has a market cap of $5.556 billion and a P/E ratio of 19.28.
CCK has been the subject of a number of recent research reports. Analysts at Macquarie downgraded shares of Crown Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 13th. On a related note, analysts at JPMorgan Chase & Co. upgraded shares of Crown Holdings from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, January 8th. They now have a $52.00 price target on the stock, up previously from $45.00. Finally, analysts at Zacks upgraded shares of Crown Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $44.20 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $48.60.
Crown Holdings, Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods.
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