Crane (NYSE:CR – Get Free Report) issued its quarterly earnings results on Monday. The conglomerate reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10, Briefing.com reports. The business had revenue of $565.30 million for the quarter, compared to the consensus estimate of $546.39 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. Crane updated its FY24 guidance to $4.75-5.05 EPS and its FY 2024 guidance to 4.750-5.050 EPS.
Crane Stock Performance
CR stock opened at $138.27 on Wednesday. The stock has a 50-day moving average price of $130.01 and a 200-day moving average price of $115.65. Crane has a 1-year low of $67.28 and a 1-year high of $139.54. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.89 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.93 and a beta of 1.49.
Crane Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, May 31st. Crane’s dividend payout ratio (DPR) is presently 22.22%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on CR
Crane Company Profile
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.
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