Analysts expect Crane Co. (NYSE:CR) to post earnings per share of $1.39 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Crane’s earnings. The highest EPS estimate is $1.43 and the lowest is $1.32. Crane reported earnings per share of $1.31 during the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The company is expected to announce its next earnings report on Monday, April 22nd.

According to Zacks, analysts expect that Crane will report full-year earnings of $6.35 per share for the current financial year, with EPS estimates ranging from $6.25 to $6.40. For the next fiscal year, analysts anticipate that the company will report earnings of $7.02 per share, with EPS estimates ranging from $6.90 to $7.19. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Crane.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 28th. The conglomerate reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.10. The firm had revenue of $839.70 million during the quarter, compared to the consensus estimate of $862.96 million. Crane had a return on equity of 24.54% and a net margin of 10.03%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 EPS.

Several research firms have commented on CR. ValuEngine downgraded Crane from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Seaport Global Securities reissued a “buy” rating and set a $105.00 target price on shares of Crane in a research note on Wednesday, January 30th. BMO Capital Markets reissued a “buy” rating on shares of Crane in a research note on Friday, January 11th. William Blair downgraded Crane from an “outperform” rating to a “market perform” rating and set a $79.14 target price for the company. in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $100.00 target price on Crane and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Crane has an average rating of “Buy” and an average target price of $98.35.

CR traded up $0.36 on Monday, hitting $82.07. 28,709 shares of the company traded hands, compared to its average volume of 342,511. The company has a quick ratio of 1.28, a current ratio of 1.84 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.86 billion, a PE ratio of 13.70, a P/E/G ratio of 2.16 and a beta of 1.42. Crane has a 12-month low of $67.18 and a 12-month high of $100.14.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Thursday, February 28th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Crane’s previous quarterly dividend of $0.35. Crane’s dividend payout ratio is currently 23.37%.

In related news, VP James A. Lavish sold 10,896 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $82.90, for a total value of $903,278.40. Following the sale, the vice president now owns 23,527 shares in the company, valued at approximately $1,950,388.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Louis V. Pinkham sold 55,103 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $85.03, for a total value of $4,685,408.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,149 shares of company stock worth $6,026,127. Insiders own 3.00% of the company’s stock.

Large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Crane by 37.1% during the 3rd quarter. BlackRock Inc. now owns 6,077,199 shares of the conglomerate’s stock worth $597,691,000 after purchasing an additional 1,645,668 shares during the period. Norges Bank purchased a new position in shares of Crane in the 4th quarter worth $44,701,000. SG Americas Securities LLC raised its position in shares of Crane by 765.4% in the 3rd quarter. SG Americas Securities LLC now owns 299,107 shares of the conglomerate’s stock worth $29,417,000 after buying an additional 264,546 shares during the period. Nordea Investment Management AB raised its position in shares of Crane by 250.2% in the 3rd quarter. Nordea Investment Management AB now owns 185,258 shares of the conglomerate’s stock worth $18,220,000 after buying an additional 132,354 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Crane by 50.1% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 310,734 shares of the conglomerate’s stock worth $30,561,000 after buying an additional 103,652 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Crane Company Profile

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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Earnings History and Estimates for Crane (NYSE:CR)

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