Crown Holdings, Inc. (CCK) Forecasted to Post Q1 2018 Earnings of $0.81 Per Share
Crown Holdings, Inc. (NYSE:CCK) – Equities researchers at KeyCorp issued their Q1 2018 earnings estimates for Crown in a report issued on Thursday. KeyCorp analyst A. Josephson forecasts that the industrial products company will earn $0.81 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Crown’s Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.49 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $4.43 EPS and FY2019 earnings at $4.66 EPS.
Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Crown had a net margin of 3.71% and a return on equity of 56.47%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year.
Shares of Crown (CCK) opened at $50.62 on Monday. Crown has a fifty-two week low of $50.42 and a fifty-two week high of $62.27. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. The stock has a market cap of $6,852.08, a price-to-earnings ratio of 12.63, a PEG ratio of 1.65 and a beta of 1.42.
A number of institutional investors have recently bought and sold shares of CCK. Toronto Dominion Bank lifted its stake in Crown by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 185 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Crown by 155.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 1,400 shares during the period. American International Group Inc. purchased a new position in shares of Crown in the fourth quarter valued at about $169,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Crown by 40.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 863 shares during the period. Finally, First Republic Investment Management Inc. purchased a new position in shares of Crown in the third quarter valued at about $205,000. 88.91% of the stock is owned by institutional investors and hedge funds.
Crown Company Profile
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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