Analysts Expect Crown Holdings, Inc. (CCK) Will Post Earnings of $0.79 Per Share

Equities analysts expect that Crown Holdings, Inc. (NYSE:CCK) will post earnings of $0.79 per share for the current quarter, Zacks reports. Five analysts have made estimates for Crown’s earnings, with estimates ranging from $0.77 to $0.80. Crown posted earnings per share of $0.71 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is expected to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Crown will report full year earnings of $4.03 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.05. For the next fiscal year, analysts forecast that the firm will post earnings of $4.43 per share, with EPS estimates ranging from $4.27 to $4.65. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Crown.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.41. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.39 billion. Crown had a return on equity of 60.44% and a net margin of 5.64%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS.

CCK has been the subject of a number of recent research reports. Jefferies Group set a $70.00 price target on Crown and gave the company a “buy” rating in a research note on Monday, August 28th. KeyCorp restated a “hold” rating on shares of Crown in a research note on Friday, November 10th. BMO Capital Markets restated a “buy” rating and set a $65.00 price target on shares of Crown in a research note on Monday, September 4th. Zacks Investment Research downgraded Crown from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Barclays boosted their price target on Crown from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Crown currently has an average rating of “Hold” and a consensus price target of $64.27.

Hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its holdings in Crown by 3.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,776,396 shares of the industrial products company’s stock worth $105,980,000 after purchasing an additional 57,124 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Crown by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 917,015 shares of the industrial products company’s stock worth $54,710,000 after purchasing an additional 8,287 shares in the last quarter. Sentry Investments Corp. lifted its holdings in Crown by 5.9% in the 2nd quarter. Sentry Investments Corp. now owns 1,366,200 shares of the industrial products company’s stock worth $81,507,000 after purchasing an additional 76,600 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Crown by 35.9% in the 2nd quarter. SG Americas Securities LLC now owns 18,547 shares of the industrial products company’s stock worth $1,107,000 after purchasing an additional 4,899 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Crown by 2.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 398,637 shares of the industrial products company’s stock worth $23,783,000 after purchasing an additional 9,440 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Crown (NYSE:CCK) traded down $0.10 during trading on Monday, hitting $56.15. The company’s stock had a trading volume of 1,260,000 shares, compared to its average volume of 952,419. The company has a market cap of $7,530.00, a P/E ratio of 16.04, a P/E/G ratio of 1.99 and a beta of 1.42. Crown has a 1-year low of $51.76 and a 1-year high of $62.27. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60.

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About Crown

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Earnings History and Estimates for Crown (NYSE:CCK)

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