Crane (NYSE:CR – Get Free Report) issued its earnings results on Monday. The conglomerate reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06, Briefing.com reports. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $568.33 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Crane’s revenue for the quarter was up 14.0% on a year-over-year basis. Crane updated its FY24 guidance to $4.95-$5.15 EPS and its FY 2024 guidance to 4.950-5.150 EPS.
Crane Price Performance
NYSE:CR traded up $9.00 during trading hours on Wednesday, reaching $160.42. 274,440 shares of the company’s stock were exchanged, compared to its average volume of 239,981. 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 company has a market capitalization of $9.17 billion, a P/E ratio of 43.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. Crane has a 12 month low of $82.57 and a 12 month high of $162.28. The business’s 50-day simple moving average is $146.69 and its two-hundred day simple moving average is $136.33.
Crane Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, August 30th. Crane’s payout ratio is 21.98%.
Analyst Ratings Changes
Read Our Latest Research Report on CR
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.
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