Crane (NYSE:CR) Issues Quarterly Earnings Results

Crane (NYSE:CR) announced its quarterly earnings data on Monday. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07, Zacks reports. Crane had a net margin of 13.10% and a return on equity of 24.45%. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Crane updated its FY 2025 guidance to 5.300-5.600 EPS.

Crane Price Performance

Shares of CR opened at $156.35 on Tuesday. The stock has a fifty day moving average price of $163.69 and a 200 day moving average price of $158.47. The company has a market cap of $8.95 billion, a P/E ratio of 20.71, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 12 month low of $110.49 and a 12 month high of $188.52.

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a dividend of $0.23 per share. This is a boost from Crane’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.59%. Crane’s dividend payout ratio (DPR) is 18.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group increased their price target on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus reduced their price objective on Crane from $176.00 to $170.00 and set a “hold” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Crane has an average rating of “Moderate Buy” and an average price target of $166.80.

Crane Company Profile

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.