Wall Street analysts forecast that Crane Company (NYSE:CR) will report earnings of $1.10 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Crane’s earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.08. Crane posted earnings of $1.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The firm is scheduled to issue its next earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Crane will report full year earnings of $4.45 per share for the current year, with EPS estimates ranging from $4.44 to $4.47. For the next financial year, analysts expect that the firm will post earnings of $4.94 per share, with EPS estimates ranging from $4.64 to $5.15. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Crane.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, July 24th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. The business had revenue of $702.50 million for the quarter, compared to analyst estimates of $702.53 million. Crane had a net margin of 4.79% and a return on equity of 20.57%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS.

Several brokerages have recently weighed in on CR. Zacks Investment Research downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 target price on shares of Crane in a research note on Friday, July 14th. William Blair raised shares of Crane from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 25th. Finally, Wolfe Research began coverage on shares of Crane in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $76.88.

In other Crane news, VP Kristian Robert Salovaara sold 9,200 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.20, for a total transaction of $701,040.00. Following the transaction, the vice president now directly owns 24,786 shares in the company, valued at approximately $1,888,693.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Curtis A. Baron, Jr. sold 5,364 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $79.60, for a total transaction of $426,974.40. Following the transaction, the vice president now owns 18,044 shares in the company, valued at $1,436,302.40. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CR. ClariVest Asset Management LLC boosted its position in shares of Crane by 15.7% in the first quarter. ClariVest Asset Management LLC now owns 1,476 shares of the conglomerate’s stock valued at $110,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Crane by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock valued at $141,000 after buying an additional 140 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Crane by 221.0% in the second quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock valued at $148,000 after buying an additional 1,282 shares during the last quarter. Broderick Brian C acquired a new position in shares of Crane during the first quarter valued at about $202,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Crane during the second quarter valued at about $204,000. Institutional investors own 69.42% of the company’s stock.

Shares of Crane (NYSE:CR) opened at 75.93 on Wednesday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 34.59 and a beta of 1.10. The firm has a 50-day moving average of $79.75 and a 200-day moving average of $76.66. Crane has a one year low of $59.81 and a one year high of $84.34.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 31st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, August 29th. Crane’s payout ratio is presently 60.83%.

COPYRIGHT VIOLATION WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/09/analysts-anticipate-crane-company-cr-will-post-earnings-of-1-10-per-share.html.

About Crane

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Get a free copy of the Zacks research report on Crane (CR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Crane (NYSE:CR)

Receive News & Ratings for Crane Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane Company and related companies with MarketBeat.com's FREE daily email newsletter.