Crown Holdings, Inc. (CCK) to Post Q4 2017 Earnings of $0.80 Per Share, KeyCorp Forecasts
Crown Holdings, Inc. (NYSE:CCK) – Analysts at KeyCorp lifted their Q4 2017 earnings per share (EPS) estimates for Crown Holdings in a research note issued to investors on Thursday. KeyCorp analyst A. Josephson now expects that the industrial products company will earn $0.80 per share for the quarter, up from their prior forecast of $0.77. KeyCorp has a “Hold” rating on the stock.
CCK has been the subject of several other research reports. Zacks Investment Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, July 24th. Barclays PLC restated an “overweight” rating and issued a $69.00 price objective (up previously from $63.00) on shares of Crown Holdings in a research report on Monday, July 24th. Vertical Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating and raised their price objective for the company from $60.00 to $64.00 in a research report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research report on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.20.
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Shares of Crown Holdings (CCK) opened at 60.87 on Monday. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 17.44 and a beta of 1.40. The stock has a 50 day moving average of $60.16 and a 200-day moving average of $58.17. Crown Holdings has a 52 week low of $51.57 and a 52 week high of $61.61.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. Crown Holdings had a net margin of 5.64% and a return on equity of 65.80%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Crown Holdings by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the last quarter. Creative Planning boosted its stake in shares of Crown Holdings by 1.3% in the 2nd quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 23 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Crown Holdings in the 1st quarter valued at about $207,000. Oakbrook Investments LLC bought a new position in shares of Crown Holdings in the 3rd quarter valued at about $207,000. Finally, Achmea Investment Management B.V. bought a new position in shares of Crown Holdings in the 1st quarter valued at about $227,000. 90.15% of the stock is currently owned by 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.
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