Crane (CR) Set to Announce Quarterly Earnings on Monday

Crane (NYSE:CR) will be announcing its earnings results after the market closes on Monday, January 29th. Analysts expect the company to announce earnings of $1.17 per share for the quarter.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $695.90 million during the quarter, compared to analysts’ expectations of $679.77 million. Crane had a net margin of 4.96% and a return on equity of 20.70%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. On average, analysts expect Crane to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Crane (NYSE:CR) opened at $93.13 on Monday. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54. The company has a market cap of $5,527.27, a P/E ratio of 41.76, a P/E/G ratio of 1.81 and a beta of 1.17. Crane has a fifty-two week low of $67.62 and a fifty-two week high of $93.59.

In other news, VP Augustus I. Dupont sold 3,556 shares of Crane stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $83.89, for a total value of $298,312.84. Following the transaction, the vice president now owns 80,560 shares of the company’s stock, valued at $6,758,178.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James L. L. Tullis sold 2,000 shares of Crane stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total transaction of $162,880.00. Following the completion of the transaction, the director now directly owns 2,110 shares in the company, valued at approximately $171,838.40. The disclosure for this sale can be found here. In the last three months, insiders sold 22,403 shares of company stock worth $1,896,288. Insiders own 3.10% of the company’s stock.

Several equities analysts recently weighed in on CR shares. Zacks Investment Research lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wolfe Research lowered shares of Crane from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of Crane in a research report on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Crane in a research report on Monday, September 25th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Crane currently has a consensus rating of “Buy” and a consensus price target of $95.83.

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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.

Earnings History for Crane (NYSE:CR)

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