Analysts expect Crown Holdings, Inc. (NYSE:CCK) to announce earnings per share (EPS) of $0.80 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Crown’s earnings, with estimates ranging from $0.74 to $0.83. Crown posted earnings per share of $0.72 during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The firm is expected to report its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that Crown will report full year earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $4.30 to $4.45. For the next fiscal year, analysts forecast that the firm will report earnings of $4.79 per share, with EPS estimates ranging from $4.66 to $4.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Crown.
Crown (NYSE:CCK) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.79 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Crown had a net margin of 3.71% and a return on equity of 56.47%. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the company earned $0.71 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year.
Shares of Crown (CCK) traded down $0.60 during mid-day trading on Friday, hitting $50.64. 857,670 shares of the stock were exchanged, compared to its average volume of 1,922,520. Crown has a 52 week low of $50.14 and a 52 week high of $62.27. The firm has a market cap of $6,830.60, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60.
Several institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Crown by 21.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 107,776 shares of the industrial products company’s stock worth $6,062,000 after purchasing an additional 18,957 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Crown during the 4th quarter worth about $1,868,000. Gotham Asset Management LLC acquired a new stake in shares of Crown during the 4th quarter worth about $9,625,000. Jump Trading LLC acquired a new stake in shares of Crown during the 4th quarter worth about $500,000. Finally, Macquarie Group Ltd. increased its position in shares of Crown by 8.2% during the 4th quarter. Macquarie Group Ltd. now owns 62,482 shares of the industrial products company’s stock worth $4,695,000 after purchasing an additional 4,731 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.
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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