Crane NXT (NYSE:CXT) Releases FY 2026 Earnings Guidance

Crane NXT (NYSE:CXT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.100-4.400 for the period, compared to the consensus estimate of 4.270. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.7 billion.

Crane NXT Trading Up 5.2%

NYSE:CXT opened at $46.16 on Friday. Crane NXT has a 12 month low of $39.23 and a 12 month high of $69.00. The company has a current ratio of 1.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $44.15 and a two-hundred day simple moving average of $50.90. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 20.61 and a beta of 1.21.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.69%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Analysts expect that Crane NXT will post 4.29 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, May 29th. Crane NXT’s payout ratio is currently 28.69%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CXT. Robert W. Baird set a $73.00 price objective on shares of Crane NXT in a research note on Friday, February 13th. Oppenheimer reduced their target price on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Zacks Research downgraded shares of Crane NXT from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. UBS Group set a $58.00 price target on shares of Crane NXT in a research note on Friday, February 13th. Finally, Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Crane NXT currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

Institutional Investors Weigh In On Crane NXT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CXT. CIBC Private Wealth Group LLC boosted its position in shares of Crane NXT by 6.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock worth $233,000 after purchasing an additional 206 shares during the period. California State Teachers Retirement System lifted its stake in shares of Crane NXT by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock valued at $2,423,000 after buying an additional 271 shares in the last quarter. Creative Planning boosted its holdings in Crane NXT by 2.9% in the 3rd quarter. Creative Planning now owns 13,472 shares of the company’s stock worth $904,000 after buying an additional 384 shares during the period. Kestra Advisory Services LLC raised its holdings in Crane NXT by 7.7% during the fourth quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock valued at $254,000 after acquiring an additional 386 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after acquiring an additional 391 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.