Crane (NYSE:CR – Get Free Report) issued its quarterly earnings results on Monday. The conglomerate reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10, Briefing.com reports. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $565.30 million during the quarter, compared to the consensus estimate of $546.39 million. During the same period last year, the company earned $1.25 earnings per share. The company’s revenue for the quarter 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 CR opened at $138.27 on Wednesday. The company has a market cap of $7.89 billion, a P/E ratio of 37.47, a PEG ratio of 1.93 and a beta of 1.49. The stock has a fifty day moving average price of $130.01 and a 200 day moving average price of $115.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 12 month low of $67.28 and a 12 month high of $139.54.
Crane Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be issued a $0.205 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.59%. Crane’s dividend payout ratio (DPR) is 22.22%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on CR
About Crane
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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