Crane (NYSE:CR) issued its quarterly earnings data on Sunday. The conglomerate reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.35, MarketWatch Earnings reports. Crane had a net margin of 0.71% and a return on equity of 18.09%. The business had revenue of $833.50 million during the quarter, compared to analysts’ expectations of $771.33 million. During the same period in the previous year, the company earned $1.15 earnings per share. Crane’s revenue for the quarter was up 4.5% on a year-over-year basis.
CR traded up $3.44 during trading on Tuesday, reaching $98.18. 17,174 shares of the company’s stock were exchanged, compared to its average volume of 271,337. Crane has a fifty-two week low of $44.23 and a fifty-two week high of $97.31. The company has a quick ratio of 1.02, a current ratio of 1.42 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $94.28 and a 200 day moving average price of $79.18. The company has a market capitalization of $5.71 billion, a P/E ratio of 260.19 and a beta of 1.65.
A number of analysts have issued reports on the company. DA Davidson lowered Crane from a “buy” rating to a “neutral” rating and raised their target price for the company from $75.00 to $80.00 in a report on Thursday, January 7th. Zacks Investment Research upgraded shares of Crane from a “sell” rating to a “hold” rating and set a $80.00 price objective on the stock in a research note on Thursday, January 28th. Vertical Research raised Crane from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Finally, Canaccord Genuity upped their target price on Crane from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.25.
Crane Company Profile
Crane Co manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets.
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