Equities Analysts Offer Predictions for Crown Holdings, Inc.’s Q1 2018 Earnings (CCK)

Crown Holdings, Inc. (NYSE:CCK) – KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Crown in a note issued to investors on Thursday. KeyCorp analyst A. Josephson forecasts that the industrial products company will post earnings per share of $0.81 for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Crown’s Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.49 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $4.43 EPS and FY2019 earnings at $4.66 EPS.

A number of other equities analysts have also recently commented on the company. TheStreet cut Crown from a “b” rating to a “c” rating in a report on Thursday. ValuEngine cut Crown from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut Crown from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Vertical Research raised Crown from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, UBS Group began coverage on Crown in a report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $64.27.

Crown (CCK) opened at $51.12 on Monday. Crown has a twelve month low of $50.47 and a twelve month high of $62.27. The company has a market capitalization of $6,860.00, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.67 and a beta of 1.41. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.79 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.79. Crown had a return on equity of 56.47% and a net margin of 3.71%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $0.71 EPS. Crown’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its holdings in Crown by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 185 shares during the period. American International Group Inc. bought a new stake in Crown during the fourth quarter valued at about $169,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Crown by 40.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 863 shares during the period. First Republic Investment Management Inc. bought a new stake in Crown during the third quarter valued at about $205,000. Finally, Oakbrook Investments LLC bought a new stake in Crown during the third quarter valued at about $207,000. 89.68% of the stock is currently owned by institutional investors and hedge funds.

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About Crown

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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