Equities analysts expect that Crown Holdings, Inc. (NYSE:CCK) will announce sales of $2.40 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Crown Holdings’ earnings, with the highest sales estimate coming in at $2.45 billion and the lowest estimate coming in at $2.35 billion. Crown Holdings posted sales of $2.33 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.

On average, analysts expect that Crown Holdings will report full year sales of $2.40 billion for the current financial year, with estimates ranging from $8.38 billion to $8.58 billion. For the next fiscal year, analysts expect that the firm will report sales of $8.74 billion per share, with estimates ranging from $8.44 billion to $8.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Crown Holdings.

Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 EPS.

A number of research analysts have recently issued reports on CCK shares. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Crown Holdings in a research note on Wednesday, May 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research note on Monday, June 5th. ValuEngine downgraded Crown Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, BidaskClub downgraded Crown Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.56.

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Crown Holdings (NYSE CCK) traded up 1.50% during midday trading on Wednesday, reaching $58.17. 146,671 shares of the company’s stock traded hands. The company has a market cap of $7.87 billion, a P/E ratio of 16.66 and a beta of 1.39. The stock has a 50-day moving average of $59.01 and a 200 day moving average of $56.30. Crown Holdings has a 52-week low of $51.57 and a 52-week high of $60.96.

Institutional investors have recently modified their holdings of the stock. KCG Holdings Inc. boosted its position in shares of Crown Holdings by 14.8% in the first quarter. KCG Holdings Inc. now owns 20,229 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 2,603 shares during the period. AXA boosted its position in Crown Holdings by 7.2% in the first quarter. AXA now owns 375,300 shares of the industrial products company’s stock worth $19,872,000 after buying an additional 25,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Crown Holdings by 41.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,552 shares of the industrial products company’s stock worth $294,000 after buying an additional 1,620 shares during the last quarter. Clinton Group Inc. boosted its position in Crown Holdings by 103.7% in the first quarter. Clinton Group Inc. now owns 60,733 shares of the industrial products company’s stock worth $3,216,000 after buying an additional 30,918 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock worth $498,056,000 after buying an additional 997,113 shares during the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.

About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Earnings History and Estimates for Crown Holdings (NYSE:CCK)

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