Crane NXT (NYSE:CXT) Issues Quarterly Earnings Results

Crane NXT (NYSE:CXT) released its earnings results on Wednesday. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06, FiscalAI reports. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Crane NXT updated its FY 2026 guidance to 4.220-4.420 EPS.

Crane NXT Price Performance

Crane NXT stock traded down $2.50 during midday trading on Wednesday, reaching $52.18. 828,370 shares of the stock were exchanged, compared to its average volume of 588,649. The company’s fifty day moving average is $47.32 and its 200-day moving average is $46.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. Crane NXT has a 52 week low of $35.71 and a 52 week high of $69.00. The firm has a market cap of $3.00 billion, a PE ratio of 23.30 and a beta of 1.09.

Institutional Investors Weigh In On Crane NXT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors grew its stake in Crane NXT by 14.1% in the 4th quarter. Captrust Financial Advisors now owns 4,995 shares of the company’s stock worth $235,000 after buying an additional 616 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Crane NXT by 6.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock worth $233,000 after acquiring an additional 206 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth $227,000. Brooklyn Investment Group purchased a new position in Crane NXT in the fourth quarter worth $210,000. Finally, Steward Partners Investment Advisory LLC grew its position in Crane NXT by 3,871.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,932 shares of the company’s stock worth $185,000 after acquiring an additional 3,833 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, May 15th. Robert W. Baird set a $67.00 target price on Crane NXT in a research report on Friday, May 8th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crane NXT in a research report on Friday, July 31st. Finally, Oppenheimer cut their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.