Crown (NYSE:CCK) Posts Quarterly Earnings Results

Crown (NYSE:CCK) announced its quarterly earnings results on Wednesday. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08, Zacks reports. Crown had a return on equity of 24.57% and a net margin of 0.83%. Crown updated its Q1 2025 guidance to 1.200-1.300 EPS and its FY 2025 guidance to 6.600-7.000 EPS.

Crown Stock Down 0.3 %

Shares of CCK stock traded down $0.27 during midday trading on Wednesday, reaching $85.15. 3,280,489 shares of the stock were exchanged, compared to its average volume of 1,375,469. The firm has a market cap of $10.19 billion, a PE ratio of 105.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The company’s 50 day moving average is $85.82 and its two-hundred day moving average is $89.26. Crown has a 1 year low of $69.61 and a 1 year high of $98.46.

Wall Street Analyst Weigh In

CCK has been the topic of several analyst reports. Barclays upped their price target on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada increased their target price on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group reduced their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Loop Capital increased their price objective on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, StockNews.com cut Crown from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.46.

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.