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.

A number of equities analysts have recently commented on CR shares. Seaport Global Securities reiterated a “buy” rating and issued a $105.00 price objective on shares of Crane in a research note on Wednesday, January 30th. BMO Capital Markets reiterated a “buy” rating on shares of Crane in a research note on Friday, January 11th. Buckingham Research started coverage on Crane in a research note on Monday, December 10th. They issued a “buy” rating and a $93.00 price objective on the stock. Stifel Nicolaus set a $100.00 price objective on Crane and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research raised Crane from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $88.66.

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.

About Crane

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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