Crane (NYSE:CR – Get Free Report) posted its quarterly earnings data on Monday. The conglomerate reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10, Briefing.com reports. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $565.30 million during the quarter, compared to analysts’ expectations of $546.39 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Crane updated its FY24 guidance to $4.75-5.05 EPS and its FY 2024 guidance to 4.750-5.050 EPS.
Crane Trading Up 5.8 %
Shares of CR opened at $138.27 on Wednesday. Crane has a 1 year low of $67.28 and a 1 year high of $139.54. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $130.01 and a 200-day simple moving average of $115.65. The stock has a market cap of $7.89 billion, a PE ratio of 37.47, a PEG ratio of 1.93 and a beta of 1.49.
Crane Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be paid a $0.205 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.82 annualized dividend and a dividend yield of 0.59%. Crane’s dividend payout ratio is currently 22.22%.
Analyst Ratings Changes
Check Out Our Latest Analysis on Crane
About Crane
Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.
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