Crown Holdings, Inc. (NYSE:CCK) – Stock analysts at KeyCorp lifted their Q3 2017 EPS estimates for Crown Holdings in a report released on Tuesday. KeyCorp analyst A. Josephson now forecasts that the industrial products company will post earnings per share of $1.43 for the quarter, up from their previous estimate of $1.42. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Crown Holdings’ FY2017 earnings at $4.04 EPS and FY2018 earnings at $4.27 EPS.

Crown Holdings (NYSE:CCK) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS.

TRADEMARK VIOLATION NOTICE: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.watchlistnews.com/analysts-offer-predictions-for-crown-holdings-inc-s-q3-2017-earnings-cck/1616421.html.

Several other brokerages also recently commented on CCK. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and raised their price objective for the company from $60.00 to $64.00 in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, September 21st. ValuEngine upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. BidaskClub upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Barclays PLC restated an “overweight” rating and set a $69.00 price objective (up from $63.00) on shares of Crown Holdings in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $64.56.

Crown Holdings (CCK) opened at 60.62 on Friday. Crown Holdings has a 52-week low of $51.57 and a 52-week high of $61.39. The stock’s 50 day moving average is $59.31 and its 200-day moving average is $57.63. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 17.36 and a beta of 1.40.

A number of institutional investors and hedge funds have recently bought and sold shares of CCK. UBS Asset Management Americas Inc. grew its stake in Crown Holdings by 10.2% during the first quarter. UBS Asset Management Americas Inc. now owns 345,513 shares of the industrial products company’s stock valued at $18,295,000 after acquiring an additional 31,972 shares in the last quarter. Sei Investments Co. grew its stake in Crown Holdings by 15.9% during the first quarter. Sei Investments Co. now owns 12,402 shares of the industrial products company’s stock valued at $657,000 after acquiring an additional 1,702 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Crown Holdings by 41.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,552 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 1,620 shares in the last quarter. M&T Bank Corp grew its stake in Crown Holdings by 5.2% during the first quarter. M&T Bank Corp now owns 10,248 shares of the industrial products company’s stock valued at $542,000 after acquiring an additional 505 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Crown Holdings by 11.2% during the first quarter. Stifel Financial Corp now owns 21,852 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 2,204 shares in the last quarter. 90.12% of the stock is owned by institutional investors.

Crown Holdings 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.

Earnings History and Estimates for Crown Holdings (NYSE:CCK)

Receive News & Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.