Crane (NYSE:CR – Get Free Report) announced its quarterly earnings results on Monday. The conglomerate reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06, Briefing.com reports. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $568.33 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Stock Performance
NYSE:CR opened at $151.61 on Wednesday. Crane has a twelve month low of $82.57 and a twelve month high of $162.28. 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’s 50-day simple moving average is $146.69 and its 200 day simple moving average is $136.33. The firm has a market capitalization of $8.67 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.
Crane Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, August 30th. Crane’s payout ratio is presently 21.98%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis 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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