Crown Crafts (NASDAQ:CRWS) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Crown Crafts (NASDAQ:CRWS) announced its quarterly earnings data on Wednesday. The textile maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11), FiscalAI reports. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%. The company had revenue of $22.38 million for the quarter, compared to analysts’ expectations of $16.30 million.

Crown Crafts Trading Up 1.5%

Shares of CRWS stock opened at $2.78 on Wednesday. The company has a market capitalization of $29.75 million, a P/E ratio of -3.12 and a beta of 0.65. The company has a current ratio of 3.43, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.80. Crown Crafts has a twelve month low of $2.35 and a twelve month high of $3.22.

Crown Crafts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, June 11th. Crown Crafts’s dividend payout ratio (DPR) is presently -35.96%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Crown Crafts in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Crown Crafts currently has an average rating of “Sell”.

Institutional Investors Weigh In On Crown Crafts

Large investors have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in shares of Crown Crafts in the fourth quarter worth $477,000. XTX Topco Ltd acquired a new stake in Crown Crafts in the 4th quarter valued at $32,000. Mariner LLC acquired a new stake in Crown Crafts in the 4th quarter valued at $28,000. Geode Capital Management LLC raised its position in Crown Crafts by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after purchasing an additional 5,717 shares during the period. Finally, Empowered Funds LLC raised its position in Crown Crafts by 7.8% in the fourth quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 4,078 shares during the period. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.