Wall Street analysts expect that Crown Holdings, Inc. (NYSE:CCK) will post earnings of $0.79 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Crown Holdings’ earnings, with estimates ranging from $0.77 to $0.80. Crown Holdings reported earnings per share of $0.71 during the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The firm is expected to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Crown Holdings will report full-year earnings of $4.03 per share for the current year, with EPS estimates ranging from $4.00 to $4.05. For the next financial year, analysts forecast that the firm will post earnings of $4.39 per share, with EPS estimates ranging from $4.27 to $4.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Crown Holdings.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.41. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.39 billion. Crown Holdings had a net margin of 5.64% and a return on equity of 60.44%. Crown Holdings’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.33 EPS.

A number of brokerages recently weighed in on CCK. Jefferies Group LLC set a $70.00 price target on shares of Crown Holdings and gave the company a “buy” rating in a research note on Monday, August 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 price target (up from $58.00) on shares of Crown Holdings in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of Crown Holdings in a research note on Tuesday, October 3rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $65.00 target price on shares of Crown Holdings in a research note on Monday, September 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Crown Holdings currently has a consensus rating of “Hold” and a consensus target price of $64.20.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in shares of Crown Holdings by 8.7% during the 2nd quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock worth $610,074,000 after buying an additional 819,689 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Crown Holdings by 6,932.0% during the 2nd quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock worth $389,988,000 after buying an additional 6,443,892 shares during the last quarter. Boston Partners increased its holdings in shares of Crown Holdings by 1.2% during the 2nd quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock worth $331,756,000 after buying an additional 64,738 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Crown Holdings by 2.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,110,252 shares of the industrial products company’s stock worth $245,464,000 after buying an additional 105,104 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Crown Holdings by 1.9% during the 3rd quarter. Nordea Investment Management AB now owns 2,080,675 shares of the industrial products company’s stock worth $124,258,000 after buying an additional 38,310 shares during the last quarter. Institutional investors and hedge funds own 90.91% of the company’s stock.

Crown Holdings (NYSE:CCK) opened at $59.15 on Friday. The firm has a market cap of $7,942.25, a PE ratio of 14.94, a P/E/G ratio of 2.10 and a beta of 1.44. Crown Holdings has a 12 month low of $51.57 and a 12 month high of $61.61. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60.

About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Earnings History and Estimates for Crown Holdings (NYSE:CCK)

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