Crawford & Company (NYSE:CRD.B) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Crawford & Company (NYSE:CRD.B) from a hold rating to a sell rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “CRAWFORD & CO. is a worldwide diversified services firm organized which provides claims services, risk management services, disability managment, risk control services and risk management information services to insurance companies, self-insured corporations and governmental entities. “

Separately, ValuEngine raised Crawford & Company from a sell rating to a hold rating in a report on Thursday, November 14th.

Shares of NYSE CRD.B opened at $10.00 on Tuesday. Crawford & Company has a 12-month low of $8.00 and a 12-month high of $10.79. The company has a market cap of $537.06 million, a P/E ratio of 12.66 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average price of $9.69 and a 200 day moving average price of $9.34.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings results on Monday, November 4th. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $254.68 million for the quarter, compared to analyst estimates of $258.48 million. Crawford & Company had a return on equity of 28.60% and a net margin of 2.98%. On average, sell-side analysts forecast that Crawford & Company will post 0.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.00%. Crawford & Company’s payout ratio is currently 25.32%.

Crawford & Company Company Profile

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses.

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