Crown (NYSE:CCK) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

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

Crown Price Performance

Shares of CCK traded down $0.56 during trading hours on Friday, reaching $86.79. 239,385 shares of the company traded hands, compared to its average volume of 1,398,123. The stock has a market capitalization of $10.38 billion, a PE ratio of 106.95, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. The stock has a fifty day simple moving average of $85.66 and a 200 day simple moving average of $89.23. Crown has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Truist Financial increased their price objective on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. UBS Group cut their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Royal Bank of Canada upped their price objective on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their target price on shares of Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $105.77.

About Crown

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.