Equities research analysts expect that Crown Holdings, Inc. (NYSE:CCK) will post earnings per share of $0.80 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Crown’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.83. Crown reported earnings of $0.72 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 18th.
On average, analysts expect that Crown will report full year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $4.30 to $4.45. For the next year, analysts anticipate that the firm will report earnings of $4.79 per share, with EPS estimates ranging from $4.66 to $4.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Crown.
Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Crown had a net margin of 3.71% and a return on equity of 57.14%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis.
A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in Crown by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 351 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Crown by 40.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after acquiring an additional 863 shares during the last quarter. Aperio Group LLC grew its holdings in Crown by 1.7% during the 4th quarter. Aperio Group LLC now owns 54,184 shares of the industrial products company’s stock worth $3,048,000 after acquiring an additional 903 shares during the last quarter. Amalgamated Bank grew its holdings in Crown by 4.5% during the 4th quarter. Amalgamated Bank now owns 25,573 shares of the industrial products company’s stock worth $1,438,000 after acquiring an additional 1,091 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Crown by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 23,457 shares of the industrial products company’s stock worth $1,398,000 after acquiring an additional 1,210 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Crown (NYSE:CCK) opened at $51.24 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.95 and a debt-to-equity ratio of 5.65. Crown has a fifty-two week low of $48.86 and a fifty-two week high of $62.27. The firm has a market cap of $6,888.72, a PE ratio of 21.71, a PEG ratio of 1.66 and a beta of 1.50.
ILLEGAL ACTIVITY WARNING: “Zacks: Analysts Expect Crown Holdings, Inc. (CCK) to Post $0.80 Earnings Per Share” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/13/zacks-analysts-expect-crown-holdings-inc-cck-to-post-0-80-earnings-per-share.html.
Crown 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.