Crane (NYSE:CR) Releases Q4 2024 Earnings Guidance

Crane (NYSE:CR) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 1.100-1.250 for the period, compared to the consensus EPS estimate of 1.250. The company issued revenue guidance of -. Crane also updated its Q4 guidance to $1.10-1.25 EPS.

Analyst Upgrades and Downgrades

CR has been the topic of several research reports. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.00.

Crane Price Performance

NYSE CR traded down $0.84 during trading hours on Monday, hitting $181.24. The company had a trading volume of 191,641 shares, compared to its average volume of 234,089. The firm has a 50 day simple moving average of $164.96 and a 200 day simple moving average of $154.10. Crane has a 52 week low of $102.80 and a 52 week high of $188.52. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. Crane’s revenue for the quarter was up 12.7% on a year-over-year basis. Equities research analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a $0.205 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.45%. Crane’s dividend payout ratio (DPR) is presently 18.06%.

About Crane

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.