Crown (CCK) to Release Quarterly Earnings on Thursday

Crown (NYSE:CCK) is scheduled to announce its earnings results after the market closes on Thursday, October 17th. Analysts expect the company to announce earnings of $1.80 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. On average, analysts expect Crown to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Crown Stock Up 0.7 %

CCK stock opened at $94.11 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.19 and a beta of 0.86. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $96.74. The stock has a fifty day moving average of $90.92 and a 200-day moving average of $83.99.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.06%. Crown’s dividend payout ratio is currently 28.82%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company raised their target price on Crown from $88.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Morgan Stanley raised their price objective on Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial raised their price objective on Crown from $95.00 to $103.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Bank of America raised their price objective on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.07.

Insider Transactions at Crown

In other news, Director James H. Miller sold 1,006 shares of Crown stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the sale, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total value of $1,275,450.00. Following the sale, the chief executive officer now directly owns 593,678 shares in the company, valued at approximately $50,480,440.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Miller sold 1,006 shares of Crown stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the sale, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,506 shares of company stock worth $3,392,349. 0.90% of the stock is currently owned by insiders.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.