Crane (NYSE:CR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.85-5.05 for the period, compared to the Thomson Reuters consensus estimate of $5.07. Crane also updated its FY17 guidance to $4.45-4.55 EPS.

A number of equities research analysts recently weighed in on the company. Wolfe Research upgraded Crane from a market perform rating to an outperform rating in a research note on Monday, August 14th. Boenning Scattergood reiterated a hold rating on shares of Crane in a research report on Monday, October 2nd. BidaskClub cut Crane from a buy rating to a hold rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded Crane from a hold rating to a buy rating and set a $90.00 price objective on the stock in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a hold rating and set a $84.00 price objective on shares of Crane in a research report on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $93.33.

Crane (NYSE CR) opened at $82.54 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 1.96. Crane has a 12-month low of $67.62 and a 12-month high of $86.67. The company has a market capitalization of $4,979.46, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.84 and a beta of 1.17.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company had revenue of $695.90 million for the quarter, compared to analysts’ expectations of $679.77 million. During the same quarter last year, the business earned $1.07 earnings per share. Crane’s revenue was up .2% on a year-over-year basis. analysts expect that Crane will post 4.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, November 29th. Crane’s payout ratio is currently 59.19%.

In related news, VP Augustus I. Dupont sold 11,130 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $86.28, for a total value of $960,296.40. Following the sale, the vice president now directly owns 84,116 shares of the company’s stock, valued at $7,257,528.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. L Tullis sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total value of $162,880.00. Following the completion of the sale, the director now directly owns 2,110 shares in the company, valued at $171,838.40. The disclosure for this sale can be found here. Insiders sold 22,403 shares of company stock worth $1,896,288 in the last 90 days. 3.10% of the stock is owned by company insiders.

WARNING: “Crane (CR) Releases FY18 Earnings Guidance” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at

About Crane

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Earnings History and Estimates for Crane (NYSE:CR)

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