Crane Co. (CR) Issues FY13 Earnings Guidance
Crane Co. (CR) updated its FY13 earnings guidance on Friday. The company provided earnings per share guidance of $4.05-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.13. Crane also updated its FY12 guidance to $3.75-3.85 EPS.
Several analysts have also recently commented on the stock. Analysts at Capstone initiated coverage on shares of Crane in a research note to investors on Wednesday, December 12th. They set a buy rating and a $52.00 price target on the stock. On a related note, analysts at Topeka Capital initiated coverage on shares of Crane in a research note to investors on Wednesday, December 12th. They set a hold rating and a $44.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Crane from $45.00 to $48.00 in a research note to investors on Wednesday, November 7th. They now have a buy rating on the stock.
Crane Co. (CR) opened at 44.96 on Friday. Crane Co. (CR) has a 52-week low of $34.89 and a 52-week high of $51.48. The company has a market cap of $2.559 billion and a price-to-earnings ratio of 57.06.
Crane last posted its quarterly earnings results on Monday, October 22nd. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.03. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Crane Co. (CR) will post $3.75 earnings per share for the current fiscal year.
Crane Co (Crane) is a diversified manufacturer of engineered industrial products. The Company operates in five segments: Aerospace and Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls.
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