Crane NXT (NYSE:CXT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Posted by Kyle Jackson on Feb 12th, 2025

Crane NXT (NYSE:CXT – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01, Zacks reports. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Crane NXT updated its FY 2025 guidance to 4.000-4.300 EPS.

Crane NXT Price Performance

Crane NXT stock traded down $1.03 during mid-day trading on Wednesday, hitting $58.59. 594,523 shares of the company were exchanged, compared to its average volume of 404,022. Crane NXT has a 12-month low of $52.89 and a 12-month high of $67.00. The company has a market capitalization of $3.35 billion, a P/E ratio of 19.21 and a beta of 1.36. The business’s 50 day simple moving average is $61.29 and its two-hundred day simple moving average is $58.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.16%. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio is 20.98%.

Wall Street Analyst Weigh In

CXT has been the topic of several recent analyst reports. Robert W. Baird upped their target price on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research note on Thursday, October 17th.

Get Our Latest Stock Report on CXT

About Crane NXT

(Get Free Report)

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.