Crown (CCK) Scheduled to Post Quarterly Earnings on Monday

Crown (NYSE:CCKGet Rating) is set to issue its quarterly earnings data after the market closes on Monday, April 25th. Analysts expect the company to announce earnings of $1.83 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Crown (NYSE:CCKGet Rating) last released its quarterly earnings results on Tuesday, February 8th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.12. Crown had a positive return on equity of 37.44% and a negative net margin of 4.70%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, analysts expect Crown to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

CCK opened at $118.93 on Monday. The business’s 50-day moving average price is $122.61 and its two-hundred day moving average price is $113.02. Crown has a 1 year low of $95.27 and a 1 year high of $130.42. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of -25.63, a P/E/G ratio of 2.91 and a beta of 1.09. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.09 and a quick ratio of 0.67.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a $0.22 dividend. This is an increase from Crown’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 0.74%. Crown’s dividend payout ratio (DPR) is currently -18.97%.

A number of research firms recently issued reports on CCK. BMO Capital Markets raised Crown from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $110.00 to $140.00 in a research report on Thursday, February 10th. Truist Financial boosted their price objective on Crown from $138.00 to $147.00 in a report on Wednesday, January 12th. Citigroup boosted their price objective on Crown from $143.00 to $151.00 in a report on Friday, April 8th. Morgan Stanley increased their target price on Crown from $129.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 20th. Finally, StockNews.com initiated coverage on Crown in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $141.31.

In related news, Director John W. Conway sold 336 shares of the firm’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $123.54, for a total value of $41,509.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hock Huat Goh sold 5,717 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $120.00, for a total value of $686,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,706 shares of company stock valued at $1,684,110. 1.80% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Deutsche Bank AG raised its stake in Crown by 625.2% during the 4th quarter. Deutsche Bank AG now owns 950,859 shares of the industrial products company’s stock valued at $105,184,000 after buying an additional 819,739 shares during the last quarter. Morgan Stanley raised its stake in Crown by 28.0% during the 2nd quarter. Morgan Stanley now owns 753,803 shares of the industrial products company’s stock valued at $77,046,000 after purchasing an additional 165,068 shares during the period. Thrivent Financial for Lutherans bought a new stake in Crown in the 4th quarter worth approximately $10,957,000. Allstate Corp increased its stake in Crown by 317.2% in the 4th quarter. Allstate Corp now owns 19,379 shares of the industrial products company’s stock worth $2,144,000 after acquiring an additional 14,734 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new position in shares of Crown during the 4th quarter valued at approximately $540,000. 88.01% of the stock is currently owned by institutional investors and hedge funds.

Crown Company Profile (Get Rating)

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries.

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Earnings History for Crown (NYSE:CCK)

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