Crane (NYSE:CR) Updates Q4 2024 Earnings Guidance

Crane (NYSE:CR) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 1.100-1.250 for the period, compared to the consensus EPS estimate of 1.250. The company issued revenue guidance of -. Crane also updated its Q4 guidance to $1.10-1.25 EPS.

Analyst Ratings Changes

Several equities analysts recently issued reports on CR shares. Stifel Nicolaus downgraded shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Crane Stock Down 1.4 %

CR stock opened at $178.77 on Wednesday. The company has a market capitalization of $10.23 billion, a P/E ratio of 39.00, a PEG ratio of 1.93 and a beta of 0.81. The firm has a 50 day simple moving average of $165.53 and a 200-day simple moving average of $154.35. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $102.80 and a twelve month high of $188.52.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, November 29th. Crane’s payout ratio is 18.06%.

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.