Crown (CCK) Set to Announce Quarterly Earnings on Monday

Crown (NYSE:CCK) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Crown to post earnings of $0.96 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Crown (NYSE:CCK) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.19). Crown had a net margin of 3.75% and a return on equity of 25.75%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the business earned $1.17 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts expect Crown to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Crown Stock Up 1.0 %

CCK stock opened at $80.59 on Friday. Crown has a twelve month low of $69.61 and a twelve month high of $96.35. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a market cap of $9.73 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The business has a 50 day moving average of $77.43 and a 200 day moving average of $82.61.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, March 13th. This is a positive change from Crown’s previous quarterly dividend of $0.24. Crown’s dividend payout ratio (DPR) is 26.60%.

Analysts Set New Price Targets

CCK has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Crown in a research note on Monday, March 18th. They set an “equal weight” rating and a $87.00 target price on the stock. Mizuho cut their target price on Crown from $105.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. UBS Group began coverage on Crown in a research note on Tuesday, January 16th. They set a “buy” rating and a $112.00 target price on the stock. Robert W. Baird upgraded Crown from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $90.00 in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.21.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.