Crane (NYSE:CR – Get Free Report) posted its quarterly earnings data on Monday. The conglomerate reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10, Briefing.com reports. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $565.30 million during the quarter, compared to the consensus estimate of $546.39 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter 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 Stock Up 5.8 %
CR stock opened at $138.27 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $7.89 billion, a P/E ratio of 37.47, a P/E/G ratio of 1.93 and a beta of 1.49. The firm has a 50-day simple moving average of $130.01 and a 200-day simple moving average of $115.65. Crane has a 52 week low of $67.28 and a 52 week high of $139.54.
Crane Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.59%. Crane’s dividend payout ratio is currently 22.22%.
Wall Street Analyst Weigh In
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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