Crown Crafts, Inc. (CRWS) to Issue Quarterly Dividend of $0.08
Crown Crafts, Inc. (NASDAQ:CRWS) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.08 per share by the textile maker on Friday, April 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Thursday, March 15th.
Crown Crafts (CRWS) opened at $6.25 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 1.15. Crown Crafts has a 1-year low of $5.40 and a 1-year high of $8.70. The company has a market cap of $63.54, a PE ratio of 18.94, a P/E/G ratio of 2.80 and a beta of 0.49.
Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). Crown Crafts had a net margin of 5.21% and a return on equity of 10.60%. The business had revenue of $17.48 million during the quarter, compared to the consensus estimate of $19.34 million. research analysts expect that Crown Crafts will post 0.45 earnings per share for the current year.
A number of brokerages recently commented on CRWS. ValuEngine raised shares of Crown Crafts from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Roth Capital reaffirmed a “buy” rating on shares of Crown Crafts in a report on Thursday, February 8th. Finally, Zacks Investment Research downgraded shares of Crown Crafts from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.81.
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About Crown Crafts
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc, Hamco, Inc and Carousel Designs, LLC, 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.
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