Crane (NYSE:CR – Get Free Report) issued its earnings results on Monday. The conglomerate reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10, Briefing.com reports. The company had revenue of $565.30 million during the quarter, compared to analysts’ expectations of $546.39 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 EPS. Crane updated its FY24 guidance to $4.75-5.05 EPS and its FY 2024 guidance to 4.750-5.050 EPS.
Crane Stock Up 5.8 %
Crane stock opened at $138.27 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 12-month low of $67.28 and a 12-month high of $139.54. The firm’s fifty day moving average is $130.01 and its 200 day moving average is $115.65. The company has a market capitalization of $7.89 billion, a PE ratio of 37.47, a PEG ratio of 1.93 and a beta of 1.49.
Crane Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, May 31st. Crane’s dividend payout ratio is currently 22.22%.
Analysts Set New Price Targets
View Our Latest Stock Report on CR
Crane Company Profile
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.
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