Crawford & Company (NYSE:CRD.B) Posts Quarterly Earnings Results

Crawford & Company (NYSE:CRD.B) released its quarterly earnings data on Monday. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11, Zacks reports. The business had revenue of $321.44 million for the quarter, compared to the consensus estimate of $336.09 million. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%.

Crawford & Company Price Performance

Shares of Crawford & Company stock opened at $10.41 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $507.49 million, a price-to-earnings ratio of 28.92 and a beta of 0.61. The company has a fifty day moving average of $10.35 and a 200-day moving average of $10.20. Crawford & Company has a 52-week low of $8.76 and a 52-week high of $11.68.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Crawford & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Insider Transactions at Crawford & Company

In other news, SVP Tami E. Stevenson sold 19,220 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $9.46, for a total transaction of $181,821.20. Following the transaction, the senior vice president directly owned 22,248 shares of the company’s stock, valued at approximately $210,466.08. This trade represents a 46.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew John Bart sold 14,005 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.32, for a total value of $144,531.60. Following the completion of the sale, the executive vice president directly owned 113,390 shares of the company’s stock, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,282 shares of company stock worth $578,875 over the last ninety days. Insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

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.