Crown Holdings, Inc. (CCK) to Release Quarterly Earnings on Tuesday
Crown Holdings, Inc. (NYSE:CCK) is set to announce its earnings results after the market closes on Tuesday, October 17th. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Crown Holdings has set its Q3 guidance at $1.35-1.45 EPS and its FY17 guidance at $3.90-4.05 EPS.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings results 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. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the company posted $1.19 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect Crown Holdings to post $4.03 EPS for the current fiscal year and $4.50 EPS for the next fiscal year.
Shares of Crown Holdings, Inc. (CCK) opened at 60.14 on Tuesday. The stock has a 50 day moving average of $59.38 and a 200 day moving average of $57.74. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $61.39. The stock has a market cap of $8.14 billion, a PE ratio of 17.23 and a beta of 1.40.
A number of equities research analysts have recently commented on CCK shares. Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price target (up from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Monday, July 10th. ValuEngine upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, BidaskClub upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.56.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/10/crown-holdings-inc-cck-to-release-quarterly-earnings-on-tuesday.html.
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.
Receive News & Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.