Crane (NYSE:CR – Get Free Report) released its quarterly earnings results on Monday. The conglomerate reported $1.30 EPS for the quarter, topping the consensus estimate of $1.24 by $0.06, Briefing.com reports. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $568.33 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. Crane updated its FY24 guidance to $4.95-$5.15 EPS and its FY 2024 guidance to 4.950-5.150 EPS.
Crane Trading Up 0.5 %
NYSE CR opened at $159.69 on Tuesday. Crane has a 52 week low of $82.57 and a 52 week high of $162.28. The firm has a 50 day moving average of $146.62 and a two-hundred day moving average of $136.07. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $9.13 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.
Crane Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a $0.205 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.82 dividend on an annualized basis and a yield of 0.51%. Crane’s dividend payout ratio is currently 21.98%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Crane
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.
Further Reading
- Five stocks we like better than Crane
- Compound Interest and Why It Matters When Investing
- Should You Invest in Bonds? Here’s What to Know
- With Risk Tolerance, One Size Does Not Fit All
- Why This Manufacturer is Committing to a Massive Buyback Program
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Top 2 Cheap Healthcare Stocks to Buy as Sector Outperforms
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.