Analysts predict that Crown Holdings, Inc. (NYSE:CCK) will post $1.77 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Crown’s earnings. The lowest EPS estimate is $1.70 and the highest is $1.88. Crown reported earnings per share of $1.33 during the same quarter last year, which suggests a positive year-over-year growth rate of 33.1%. The company is expected to issue its next quarterly earnings results on Monday, July 19th.

According to Zacks, analysts expect that Crown will report full-year earnings of $6.85 per share for the current year, with EPS estimates ranging from $6.73 to $6.96. For the next financial year, analysts forecast that the business will post earnings of $7.47 per share, with EPS estimates ranging from $7.05 to $7.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Crown.

Crown (NYSE:CCK) last posted its earnings results on Sunday, April 18th. The industrial products company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.44. Crown had a net margin of 4.52% and a return on equity of 33.90%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $1.13 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis.

Several research firms have recently issued reports on CCK. Wells Fargo & Company lifted their price objective on shares of Crown from $125.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, April 22nd. They noted that the move was a valuation call. Jefferies Financial Group boosted their price objective on shares of Crown from $123.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Crown from $120.00 to $136.00 and gave the company a “buy” rating in a report on Tuesday, April 27th. Morgan Stanley upped their price target on shares of Crown from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Crown in a report on Thursday, April 15th. They issued a “neutral” rating and a $108.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $116.71.

CCK stock traded up $0.54 during midday trading on Thursday, hitting $110.98. The company’s stock had a trading volume of 14,726 shares, compared to its average volume of 1,041,478. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 3.47. Crown has a 52-week low of $55.85 and a 52-week high of $111.67. The firm has a market capitalization of $14.97 billion, a P/E ratio of 29.10, a PEG ratio of 2.99 and a beta of 1.14. The firm has a 50-day simple moving average of $103.04 and a 200-day simple moving average of $97.22.

Crown declared that its Board of Directors has approved a stock repurchase program on Thursday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 11.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 20th. Investors of record on Thursday, May 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, May 5th. Crown’s dividend payout ratio (DPR) is 15.66%.

In other news, Director John W. Conway sold 334 shares of the stock in a transaction on Wednesday, April 28th. The shares were sold at an average price of $109.76, for a total value of $36,659.84. Following the completion of the sale, the director now owns 1,031,377 shares of the company’s stock, valued at $113,203,939.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hock Huat Goh sold 4,625 shares of the stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $109.82, for a total transaction of $507,917.50. Following the completion of the sale, the insider now directly owns 53,607 shares of the company’s stock, valued at approximately $5,887,120.74. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in CCK. Marshall Wace LLP acquired a new stake in shares of Crown in the first quarter worth $321,000. First Trust Advisors LP boosted its stake in shares of Crown by 2.5% in the first quarter. First Trust Advisors LP now owns 75,709 shares of the industrial products company’s stock valued at $4,131,000 after purchasing an additional 1,844 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Crown by 38.8% in the third quarter. Great West Life Assurance Co. Can now owns 75,794 shares of the industrial products company’s stock valued at $5,820,000 after purchasing an additional 21,191 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of Crown by 89.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 806,151 shares of the industrial products company’s stock valued at $61,961,000 after purchasing an additional 381,227 shares during the period. Finally, Kathmere Capital Management LLC purchased a new position in shares of Crown in the third quarter valued at $48,000. 87.90% of the stock is owned by institutional investors.

About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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