Crown (CCK) to Release Quarterly Earnings on Monday

Crown (NYSE:CCK) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Crown (NYSE:CCK) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.19). Crown had a return on equity of 25.75% and a net margin of 3.75%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the firm posted $1.17 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts expect Crown to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Crown Stock Up 1.0 %

CCK opened at $80.59 on Friday. Crown has a one year low of $69.61 and a one year high of $96.35. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.77 and a current ratio of 1.15. The stock’s fifty day moving average is $77.26 and its 200-day moving average is $82.63. The company has a market capitalization of $9.73 billion, a PE ratio of 21.43, a P/E/G ratio of 2.67 and a beta of 0.91.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Crown’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. Crown’s payout ratio is 26.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CCK shares. Wolfe Research assumed coverage on shares of Crown in a research report on Friday, March 1st. They issued an “outperform” rating and a $102.00 target price for the company. Wells Fargo & Company lowered their price objective on Crown from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $85.00 target price for the company in a research note on Wednesday, February 7th. Royal Bank of Canada reduced their price objective on Crown from $110.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, Truist Financial reiterated a “hold” rating and set a $88.00 price objective (down from $100.00) on shares of Crown in a research note on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.21.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.