Crane (NYSE:CR) Releases Q4 Earnings Guidance

Crane (NYSE:CR) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.10-1.25 for the period, compared to the consensus estimate of $1.25.

Crane Price Performance

NYSE CR traded down $0.84 during trading hours on Monday, hitting $181.24. 184,426 shares of the company’s stock traded hands, compared to its average volume of 234,058. Crane has a 52-week low of $102.80 and a 52-week high of $188.52. The company has a market capitalization of $10.37 billion, a PE 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 current ratio of 1.18 and a quick ratio of 0.88. The firm’s 50-day moving average is $164.96 and its 200-day moving average is $154.10.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.06. The company had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. Equities analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on CR. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Crane currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

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.