Crane (NYSE:CR) Updates Q4 Earnings Guidance

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

Crane Price Performance

Shares of CR opened at $181.31 on Tuesday. Crane has a one year low of $102.80 and a one year high of $188.52. The stock’s fifty day moving average is $164.96 and its 200-day moving average is $154.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Equities analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a $0.205 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. Crane’s dividend payout ratio (DPR) is 18.06%.

Wall Street Analyst Weigh In

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

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.