$1.39 EPS Expected for Crane Co. (CR) This Quarter
Equities research analysts expect Crane Co. (NYSE:CR) to report $1.39 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Crane’s earnings. The lowest EPS estimate is $1.32 and the highest is $1.43. Crane posted earnings per share of $1.31 during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is expected to issue its next earnings results on Monday, April 22nd.
According to Zacks, analysts expect that Crane will report full-year earnings of $6.35 per share for the current year, with EPS estimates ranging from $6.25 to $6.40. For the next year, analysts forecast that the company will report earnings of $7.03 per share, with EPS estimates ranging from $6.90 to $7.23. Zacks’ EPS calculations are a mean average based on a survey of sell-side research 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, topping analysts’ consensus estimates of $1.54 by $0.10. The business had revenue of $839.70 million for the quarter, compared to analyst estimates of $862.96 million. Crane had a return on equity of 24.54% and a net margin of 10.03%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share.
Shares of Crane stock traded up $1.47 during trading on Friday, reaching $84.69. The company’s stock had a trading volume of 278,623 shares, compared to its average volume of 357,734. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.84. The firm has a market capitalization of $4.95 billion, a PE ratio of 14.14, a PEG ratio of 2.10 and a beta of 1.42. Crane has a one year low of $67.18 and a one year high of $100.14.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Thursday, February 28th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This is an increase from Crane’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a yield of 1.84%. Crane’s dividend payout ratio (DPR) is 23.37%.
In related news, VP James A. Lavish sold 10,896 shares of Crane stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $82.90, for a total transaction of $903,278.40. Following the sale, the vice president now directly owns 23,527 shares of the company’s stock, valued at $1,950,388.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new stake in Crane during the fourth quarter valued at approximately $34,000. Quantamental Technologies LLC acquired a new stake in Crane during the fourth quarter valued at approximately $42,000. Enlightenment Research LLC acquired a new stake in Crane during the fourth quarter valued at approximately $43,000. SRS Capital Advisors Inc. boosted its holdings in Crane by 183.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 749 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 485 shares in the last quarter. Finally, ETF Managers Group LLC boosted its holdings in Crane by 17.3% during the fourth quarter. ETF Managers Group LLC now owns 1,422 shares of the conglomerate’s stock valued at $103,000 after purchasing an additional 210 shares in the last quarter. 71.23% of the stock is currently owned by institutional investors.
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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