Crown Holdings, Inc. (NYSE:CCK) – Equities research analysts at KeyCorp increased their Q3 2017 earnings per share estimates for shares of Crown Holdings in a report issued on Thursday. KeyCorp analyst A. Josephson now expects that the industrial products company will earn $1.42 per share for the quarter, up from their previous estimate of $1.36. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Crown Holdings’ Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $4.02 EPS and FY2018 earnings at $4.23 EPS.

Crown Holdings (NYSE:CCK) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 69.86%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. TRADEMARK VIOLATION NOTICE: “Q3 2017 EPS Estimates for Crown Holdings, Inc. Raised by Analyst (NYSE:CCK)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/19/q3-2017-eps-estimates-for-crown-holdings-inc-raised-by-analyst-nysecck-updated-updated-updated.html.

Other equities research analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 target price (up from $62.00) on shares of Crown Holdings in a research report on Friday, April 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $63.00 target price (up from $62.00) on shares of Crown Holdings in a research report on Friday, April 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 target price on shares of Crown Holdings in a research report on Wednesday, April 12th. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a research report on Monday, June 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $64.56.

Crown Holdings (NYSE:CCK) opened at 59.94 on Monday. The company has a market capitalization of $8.11 billion, a PE ratio of 17.17 and a beta of 1.40. Crown Holdings has a 52-week low of $51.57 and a 52-week high of $60.96. The firm’s 50-day moving average is $58.87 and its 200-day moving average is $55.54.

A number of large investors have recently made changes to their positions in CCK. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock valued at $105,000 after buying an additional 191 shares during the period. Creative Planning raised its stake in shares of Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the period. Cadence Capital Management LLC purchased a new stake in shares of Crown Holdings during the first quarter valued at $200,000. Daiwa Securities Group Inc. raised its stake in shares of Crown Holdings by 14.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the industrial products company’s stock valued at $207,000 after buying an additional 500 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of Crown Holdings during the first quarter valued at $207,000. 91.86% of the stock is owned by institutional investors.

In related news, VP David A. Beaver sold 1,000 shares of Crown Holdings stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $56.05, for a total value of $56,050.00. Following the completion of the sale, the vice president now owns 2,398 shares of the company’s stock, valued at approximately $134,407.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Earnings History and Estimates for Crown Holdings (NYSE:CCK)

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