Crane (NYSE:CR – Get Free Report) announced its earnings results on Monday. The conglomerate reported $1.22 earnings per share (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 company had revenue of $565.30 million for the quarter, compared to analysts’ expectations of $546.39 million. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. 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
Shares of NYSE CR opened at $138.27 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $67.28 and a twelve month high of $139.54. The stock has a 50 day moving average of $130.01 and a two-hundred day moving average of $115.65. The stock has a market cap 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.
Crane Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, May 31st. Crane’s dividend payout ratio is currently 22.22%.
Wall Street Analyst Weigh In
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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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