Crawford & Company (NYSE:CRD.B) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Crawford & Company (NYSE:CRD.B) released its quarterly earnings data on Monday. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04), Zacks reports. Crawford & Company had a return on equity of 24.11% and a net margin of 1.37%.The company had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $303.20 million.

Crawford & Company Price Performance

NYSE CRD.B traded up $0.44 during trading hours on Wednesday, reaching $9.46. The company’s stock had a trading volume of 11,208 shares, compared to its average volume of 18,712. The stock has a market cap of $460.27 million, a PE ratio of 26.27 and a beta of 0.62. Crawford & Company has a fifty-two week low of $8.76 and a fifty-two week high of $11.68. The company’s 50-day moving average is $10.04 and its two-hundred day moving average is $10.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Crawford & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Crawford & Company

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.