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.
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.
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