Crawford & Company (NYSE:CRD.B) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Crawford & Company (NYSE:CRD.B) issued its earnings results on Monday. The business services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11, Zacks reports. The company had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.44%.

Crawford & Company Trading Up 2.4%

Shares of NYSE CRD.B traded up $0.27 during midday trading on Wednesday, hitting $11.65. The stock had a trading volume of 3,540 shares, compared to its average volume of 13,004. The company has a fifty day moving average price of $10.37 and a 200 day moving average price of $10.21. The company has a market capitalization of $567.82 million, a price-to-earnings ratio of 32.36 and a beta of 0.60. Crawford & Company has a 1-year low of $8.76 and a 1-year high of $11.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86.

Insider Transactions at Crawford & Company

In other news, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president owned 113,390 shares in the company, valued at $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tami E. Stevenson sold 7,062 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $9.90, for a total transaction of $69,913.80. Following the transaction, the senior vice president directly owned 15,186 shares in the company, valued at approximately $150,341.40. The trade was a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 58,282 shares of company stock valued at $578,875. Insiders own 51.04% of the company’s stock.

Analysts Set New Price Targets

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

About Crawford & Company

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.