Crown Crafts Announces Quarterly Dividend of $0.08 (CRWS)
Crown Crafts (NASDAQ:CRWS) announced a quarterly dividend on Wednesday, August 13th, American Banking News reports. Investors of record on Friday, September 12th will be paid a dividend of 0.08 per share on Friday, October 3rd. This represents a $0.32 annualized dividend and a dividend yield of 4.05%.
On a related note, analysts at Sidoti downgraded shares of Crown Crafts from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 18th.
Crown Crafts (NASDAQ:CRWS) opened at 7.96 on Wednesday. Crown Crafts has a 52 week low of $6.45 and a 52 week high of $9.62. The stock has a 50-day moving average of $7.75 and a 200-day moving average of $8.2. The company has a market cap of $80.0 million and a P/E ratio of 13.60.
Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.03. The company had revenue of $15.70 million for the quarter, compared to the consensus estimate of $17.10 million. On average, analysts predict that Crown Crafts will post $0.65 earnings per share for the current fiscal year.
Crown Crafts, Inc operates indirectly through its wholly owned subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, in the infant and toddler products segment within the consumer products industry.
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