Crown Crafts (CRWS) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Crown Crafts (NASDAQ:CRWS) released its earnings data on Wednesday. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.03, American Banking News.com reports. The company had revenue of $15.70 million for the quarter, compared to the consensus estimate of $17.10 million.
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.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 12th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.05%.
On the ratings front, 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, 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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