Crane NXT (NYSE:CXT) Issues Earnings Results

Crane NXT (NYSE:CXT) issued its quarterly earnings data on Wednesday. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06, FiscalAI reports. The firm had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 20.00%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. Crane NXT updated its FY 2026 guidance to 4.220-4.420 EPS.

Crane NXT Stock Down 2.7%

CXT stock traded down $1.46 during mid-day trading on Friday, reaching $52.89. The company had a trading volume of 284,885 shares, compared to its average volume of 814,715. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 21.88 and a beta of 1.09. Crane NXT has a 52 week low of $35.71 and a 52 week high of $69.00. The stock has a 50 day simple moving average of $47.60 and a two-hundred day simple moving average of $46.51. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.4%. Crane NXT’s dividend payout ratio is 32.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Oppenheimer decreased their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Friday, May 15th. Robert W. Baird set a $68.00 price target on Crane NXT in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Crane NXT in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Crane NXT has a consensus rating of “Moderate Buy” and a consensus target price of $65.60.

Institutional Investors Weigh In On Crane NXT

Several large investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its stake in Crane NXT by 6.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock valued at $233,000 after acquiring an additional 206 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Crane NXT by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after purchasing an additional 271 shares during the last quarter. Creative Planning increased its stake in shares of Crane NXT by 2.9% during the 3rd quarter. Creative Planning now owns 13,472 shares of the company’s stock worth $904,000 after purchasing an additional 384 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Crane NXT by 7.7% in the 4th quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock worth $254,000 after purchasing an additional 386 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Crane NXT by 120.3% in the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.