Crane (NYSE:CR – Get Free Report) posted its earnings results on Monday. The conglomerate reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10, Briefing.com reports. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $565.30 million for the quarter, compared to analysts’ expectations of $546.39 million. During the same period last year, the firm earned $1.25 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Crane updated its FY24 guidance to $4.75-5.05 EPS and its FY 2024 guidance to 4.750-5.050 EPS.
Crane Price Performance
Shares of CR traded up $3.28 during trading hours on Wednesday, hitting $141.39. 180,512 shares of the company were exchanged, compared to its average volume of 239,161. The company has a market capitalization of $8.07 billion, a PE ratio of 37.47, a PEG ratio of 1.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a fifty day simple moving average of $130.01 and a 200-day simple moving average of $115.65. Crane has a one year low of $67.28 and a one year high of $143.67.
Crane Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, May 31st. Crane’s dividend payout ratio is presently 22.22%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on CR
About Crane
Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.
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