Crane Company (CR) to Release Quarterly Earnings on Monday
Crane Company (NYSE:CR) will issue its quarterly earnings data after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Crane has set its FY17 guidance at $4.35-4.55 EPS.
Crane (NYSE:CR) last issued its earnings results on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The company had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $702.53 million. Crane had a net margin of 4.79% and a return on equity of 20.57%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 EPS. On average, analysts expect Crane to post $4.49 EPS for the current fiscal year and $5.02 EPS for the next fiscal year.
Crane Company (CR) opened at 84.11 on Friday. The stock has a 50 day moving average of $78.65 and a 200 day moving average of $77.96. Crane Company has a 12 month low of $60.26 and a 12 month high of $84.52. The firm has a market capitalization of $5.01 billion, a PE ratio of 38.32 and a beta of 1.12.
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A number of brokerages recently weighed in on CR. Stifel Nicolaus reaffirmed a “hold” rating and issued a $84.00 target price on shares of Crane in a research note on Thursday, July 6th. Scotiabank reaffirmed a “buy” rating on shares of Crane in a research note on Tuesday, October 10th. BidaskClub downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Wolfe Research raised shares of Crane from a “market perform” rating to an “outperform” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $76.38.
In other Crane news, VP Edward S. Switter sold 7,000 shares of Crane stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $74.03, for a total transaction of $518,210.00. Following the transaction, the vice president now directly owns 23,873 shares of the company’s stock, valued at $1,767,318.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kristian Robert Salovaara sold 9,200 shares of Crane stock in a transaction that occurred on Friday, August 4th. The stock was 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 $1,888,693.20. The disclosure for this sale can be found here. Insiders have sold 22,200 shares of company stock worth $1,661,630 over the last three months. Insiders own 3.10% of the company’s stock.
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.
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