Crown Crafts, Inc. (NASDAQ:CRWS) announced a quarterly dividend on Wednesday, February 7th, Zacks reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.08 per share by the textile maker on Friday, April 6th. This represents a $0.32 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Thursday, March 15th.
Shares of Crown Crafts (CRWS) opened at $6.30 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.06. Crown Crafts has a fifty-two week low of $5.40 and a fifty-two week high of $8.70. The firm has a market capitalization of $63.79, a P/E ratio of 19.09, a PEG ratio of 2.81 and a beta of 0.49.
Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). The business had revenue of $17.48 million during the quarter, compared to analysts’ expectations of $19.34 million. Crown Crafts had a return on equity of 10.60% and a net margin of 5.21%. research analysts anticipate that Crown Crafts will post 0.45 EPS for the current year.
Several research analysts have commented on the company. Zacks Investment Research downgraded Crown Crafts from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. ValuEngine upgraded Crown Crafts from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. B. Riley restated a “buy” rating and set a $7.50 price objective on shares of Crown Crafts in a report on Friday, November 10th. Finally, Roth Capital restated a “buy” rating on shares of Crown Crafts in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $7.81.
Crown Crafts Company Profile
Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc, Hamco, Inc and Carousel Designs, LLC, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.
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