Crown Holdings, Inc. (CCK) Updates Q4 Earnings Guidance
Crown Holdings, Inc. (NYSE:CCK) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.75 to $0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79.
CCK has been the subject of a number of research reports. KeyCorp reaffirmed a hold rating on shares of Crown Holdings in a report on Thursday. Zacks Investment Research cut shares of Crown Holdings from a buy rating to a hold rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a buy rating and issued a $70.00 target price (up from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. Deutsche Bank AG reaffirmed a hold rating and issued a $61.00 target price (up from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Finally, BidaskClub cut shares of Crown Holdings from a buy rating to a hold rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Crown Holdings has an average rating of Hold and an average price target of $64.56.
Crown Holdings, Inc. (CCK) opened at 60.68 on Friday. The stock has a 50 day moving average of $60.11 and a 200 day moving average of $58.11. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 17.38 and a beta of 1.40. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $61.61.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. Crown Holdings had a net margin of 5.64% and a return on equity of 65.80%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Crown Holdings, Inc. will post $4.04 earnings per share for the current year.
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.
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