Crown Holdings, Inc. (NYSE:CCK) to Release Earnings on Wednesday

Crown Holdings, Inc. (NYSE:CCK) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Crown Holdings has set its Q2 guidance at $1.05-1.15 EPS and its FY17 guidance at $3.80-4.00 EPS.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings results on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Crown Holdings had a net margin of 6.32% and a return on equity of 75.25%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. On average, analysts expect Crown Holdings to post $3.96 EPS for the current fiscal year and $4.43 EPS for the next fiscal year.

Crown Holdings, Inc. (CCK) opened at 60.90 on Tuesday. Crown Holdings, Inc. has a 12 month low of $51.15 and a 12 month high of $60.96. The stock has a 50 day moving average of $57.51 and a 200-day moving average of $54.76. The firm has a market cap of $8.43 billion, a P/E ratio of 16.20 and a beta of 1.40.

In other Crown Holdings news, Director Jenne K. Britell sold 4,525 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $55.65, for a total transaction of $251,816.25. Following the completion of the transaction, the director now owns 50,038 shares of the company’s stock, valued at $2,784,614.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David A. Beaver sold 1,000 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $56.05, for a total value of $56,050.00. Following the transaction, the vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $134,407.90. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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CCK has been the subject of a number of research analyst reports. ValuEngine raised Crown Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research lowered Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Crown Holdings in a research note on Wednesday, April 12th. BidaskClub raised Crown Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price target on shares of Crown Holdings in a research note on Monday, June 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $63.11.

About Crown Holdings

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.

Earnings History for Crown Holdings (NYSE:CCK)

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