Equities analysts predict that Crane Company (NYSE:CR) will post earnings per share of $1.09 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Crane’s earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $1.06. Crane reported earnings per share of $1.07 during the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, October 23rd.

According to Zacks, analysts expect that Crane will report full-year earnings of $4.47 per share for the current year, with EPS estimates ranging from $4.45 to $4.50. For the next fiscal year, analysts forecast that the firm will report earnings of $5.00 per share, with EPS estimates ranging from $4.85 to $5.15. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Crane.

Crane (NYSE:CR) last issued its earnings results on Monday, July 24th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.17. The company had revenue of $702.50 million for the quarter, compared to analysts’ expectations of $702.53 million. Crane had a net margin of 4.79% and a return on equity of 20.57%. Crane’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS.

CR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Crane from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Monday, July 17th. BidaskClub upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Scotiabank restated a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Finally, Boenning Scattergood restated a “hold” rating on shares of Crane in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.38.

TRADEMARK VIOLATION WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/22/crane-company-cr-expected-to-announce-earnings-of-1-09-per-share.html.

In other Crane news, VP Edward S. Switter sold 7,000 shares of Crane stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $74.03, for a total value of $518,210.00. Following the sale, the vice president now owns 23,873 shares of the company’s stock, valued at $1,767,318.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Thayer Bigelow sold 6,000 shares of Crane stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $73.73, for a total transaction of $442,380.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,200 shares of company stock worth $1,661,630. Insiders own 3.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its position in Crane by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock worth $127,000 after acquiring an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Crane by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock worth $141,000 after acquiring an additional 140 shares during the period. Global X Management Co. LLC raised its position in Crane by 221.0% in the second quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock worth $148,000 after acquiring an additional 1,282 shares during the period. Howe & Rusling Inc. raised its position in Crane by 88.5% in the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after acquiring an additional 1,057 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in Crane in the second quarter worth about $204,000. 69.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crane (CR) traded up 1.66% during midday trading on Friday, hitting $84.11. 259,131 shares of the stock were exchanged. Crane has a 1-year low of $59.81 and a 1-year high of $84.52. The firm’s 50 day moving average is $78.65 and its 200-day moving average is $77.96. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 38.32 and a beta of 1.12.

Crane Company Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Get a free copy of the Zacks research report on Crane (CR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Crane (NYSE:CR)

Receive News & Ratings for Crane Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane Company and related companies with MarketBeat.com's FREE daily email newsletter.