Crane (NYSE:CR) announced its quarterly earnings results on Sunday. The conglomerate reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.35, MarketWatch Earnings reports. The company had revenue of $833.50 million for the quarter, compared to the consensus estimate of $771.33 million. Crane had a return on equity of 18.09% and a net margin of 0.71%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS.

Crane stock traded up $2.76 during trading on Tuesday, hitting $97.50. The company had a trading volume of 503,807 shares, compared to its average volume of 274,105. Crane has a 1-year low of $44.23 and a 1-year high of $99.32. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The company’s 50 day simple moving average is $94.28 and its 200-day simple moving average is $79.18. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 256.59 and a beta of 1.65.

In related news, CFO Richard A. Maue sold 15,822 shares of Crane stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $83.12, for a total value of $1,315,124.64. Following the completion of the sale, the chief financial officer now owns 93,075 shares in the company, valued at approximately $7,736,394. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by company insiders.

A number of research firms have recently commented on CR. Vertical Research upgraded Crane from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. Canaccord Genuity lifted their price target on shares of Crane from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 10th. Zacks Investment Research raised shares of Crane from a “sell” rating to a “hold” rating and set a $80.00 price target on the stock in a research report on Thursday, January 28th. Finally, DA Davidson downgraded shares of Crane from a “buy” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $80.00 in a report on Thursday, January 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Crane presently has a consensus rating of “Buy” and a consensus target price of $83.25.

About Crane

Crane Co manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets.

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Earnings History for Crane (NYSE:CR)

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