Crane (NYSE:CR – Get Free Report) released its quarterly earnings results on Monday. The conglomerate reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10, Briefing.com reports. The business had revenue of $565.30 million for the quarter, compared to analysts’ expectations of $546.39 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. Crane updated its FY24 guidance to $4.75-5.05 EPS and its FY 2024 guidance to 4.750-5.050 EPS.
Crane Price Performance
NYSE CR opened at $138.27 on Wednesday. Crane has a one year low of $67.28 and a one year high of $139.54. The stock has a 50-day moving average of $130.01 and a 200 day moving average of $115.65. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 1.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.
Crane Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.82 annualized dividend and a yield of 0.59%. Crane’s payout ratio is 22.22%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Crane
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.
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