Crown Holdings, Inc. (NYSE:CCK) – Analysts at KeyCorp boosted their Q3 2017 earnings per share (EPS) estimates for Crown Holdings in a note issued to investors on Tuesday. KeyCorp analyst A. Josephson now expects that the industrial products company will post earnings per share of $1.43 for the quarter, up from their prior forecast of $1.42. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Crown Holdings’ FY2017 earnings at $4.04 EPS and FY2018 earnings at $4.27 EPS.

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

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A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reissued a “buy” rating and issued a $65.00 price target on shares of Crown Holdings in a research report on Monday, September 4th. Jefferies Group LLC set a $70.00 price target on shares of Crown Holdings and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub lowered shares of Crown Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Barclays PLC reissued an “overweight” rating and issued a $69.00 price target (up from $63.00) on shares of Crown Holdings in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Crown Holdings has an average rating of “Hold” and a consensus target price of $64.56.

Shares of Crown Holdings (NYSE CCK) opened at 60.38 on Friday. The company has a 50-day moving average of $59.23 and a 200-day moving average of $57.58. The stock has a market capitalization of $8.17 billion, a P/E ratio of 17.30 and a beta of 1.40. Crown Holdings has a 12-month low of $51.57 and a 12-month high of $61.39.

A number of institutional investors and hedge funds have recently modified their holdings of CCK. UBS Asset Management Americas Inc. raised its position in Crown Holdings by 10.2% during the first quarter. UBS Asset Management Americas Inc. now owns 345,513 shares of the industrial products company’s stock valued at $18,295,000 after acquiring an additional 31,972 shares in the last quarter. Sei Investments Co. raised its position in Crown Holdings by 15.9% during the first quarter. Sei Investments Co. now owns 12,402 shares of the industrial products company’s stock valued at $657,000 after acquiring an additional 1,702 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Crown Holdings by 41.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,552 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 1,620 shares in the last quarter. M&T Bank Corp raised its position in Crown Holdings by 5.2% during the first quarter. M&T Bank Corp now owns 10,248 shares of the industrial products company’s stock valued at $542,000 after acquiring an additional 505 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Crown Holdings by 11.2% during the first quarter. Stifel Financial Corp now owns 21,852 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 2,204 shares in the last quarter. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

Crown Holdings Company Profile

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.

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

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