Crown (CCK) Releases Earnings Results
Crown (NYSE:CCK) issued its earnings results on Wednesday. The industrial products company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79, Briefing.com reports. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.02 billion. Crown had a return on equity of 56.47% and a net margin of 3.71%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Crown updated its Q1 guidance to $0.75 -0.85 EPS and its FY18 guidance to $4.30-4.50 EPS.
Shares of Crown (NYSE:CCK) opened at $52.20 on Friday. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. The company has a market capitalization of $7,403.81, a PE ratio of 22.12, a PEG ratio of 1.80 and a beta of 1.42. Crown has a 12 month low of $51.76 and a 12 month high of $62.27.
A number of brokerages have weighed in on CCK. Zacks Investment Research downgraded Crown from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. ValuEngine downgraded Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. UBS Group began coverage on Crown in a report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Thursday, October 19th. Finally, Wells Fargo & Co raised their target price on Crown from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $64.27.
TRADEMARK VIOLATION WARNING: “Crown (CCK) Releases Earnings Results” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/crown-cck-releases-earnings-results/1854885.html.
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.
Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.