Crown (NYSE:CCK) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Crown (NYSE:CCK) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08, Zacks reports. Crown had a net margin of 0.83% and a return on equity of 24.57%. Crown updated its Q1 2025 guidance to 1.200-1.300 EPS and its FY 2025 guidance to 6.600-7.000 EPS.

Crown Price Performance

Shares of NYSE CCK opened at $85.15 on Thursday. Crown has a twelve month low of $69.61 and a twelve month high of $98.46. The firm has a market capitalization of $10.19 billion, a P/E ratio of 105.13, a P/E/G ratio of 1.70 and a beta of 0.87. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The stock’s 50-day simple moving average is $85.66 and its two-hundred day simple moving average is $89.23.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital lifted their price target on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Robert W. Baird raised their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays upped their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company reduced their price objective on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average price target of $105.46.

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.