Crown Crafts Inc. (NASDAQ:CRWS) – Investment analysts at Roth Capital dropped their Q3 2017 earnings per share (EPS) estimates for shares of Crown Crafts in a research report issued to clients and investors on Monday. Roth Capital analyst D. King now expects that the firm will earn $0.14 per share for the quarter, down from their prior estimate of $0.18. Roth Capital also issued estimates for Crown Crafts’ Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.60 EPS.

Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings results on Wednesday, November 16th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $20.10 million. Crown Crafts had a return on equity of 15.80% and a net margin of 8.34%.

Earnings History and Estimates for Crown Crafts (NASDAQ:CRWS)

A number of other brokerages have also issued reports on CRWS. Zacks Investment Research upgraded shares of Crown Crafts from a “sell” rating to a “hold” rating in a research report on Thursday, September 15th. Wunderlich lowered shares of Crown Crafts from a “buy” rating to a “hold” rating and decreased their target price for the company from $11.50 to $7.00 in a research report on Thursday, November 17th.

Shares of Crown Crafts (NASDAQ:CRWS) opened at 7.65 on Tuesday. Crown Crafts has a one year low of $7.50 and a one year high of $10.24. The stock’s 50 day moving average is $9.72 and its 200-day moving average is $9.75. The stock has a market capitalization of $76.45 million, a P/E ratio of 10.91 and a beta of 0.85.

A number of institutional investors have recently made changes to their positions in CRWS. Northern Trust Corp raised its position in shares of Crown Crafts by 0.4% in the third quarter. Northern Trust Corp now owns 21,040 shares of the company’s stock worth $215,000 after buying an additional 82 shares in the last quarter. LSV Asset Management increased its stake in shares of Crown Crafts by 3.9% in the third quarter. LSV Asset Management now owns 45,122 shares of the company’s stock worth $456,000 after buying an additional 1,700 shares during the last quarter. WCM Investment Management CA increased its stake in shares of Crown Crafts by 1.8% in the third quarter. WCM Investment Management CA now owns 274,683 shares of the company’s stock worth $2,802,000 after buying an additional 4,950 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Crown Crafts by 6.9% in the third quarter. Synovus Financial Corp now owns 107,863 shares of the company’s stock worth $1,100,000 after buying an additional 7,000 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in shares of Crown Crafts by 2.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 212,595 shares of the company’s stock worth $2,168,000 after buying an additional 4,273 shares during the last quarter. Hedge funds and other institutional investors own 46.86% of the company’s stock.

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Crown Crafts Company Profile

Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc and Hamco, Inc, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.

5 Day Chart for NASDAQ:CRWS

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