DA Davidson Comments on Crane Co.’s Q1 2018 Earnings (CR)

Crane Co. (NYSE:CR) – DA Davidson issued their Q1 2018 earnings per share estimates for shares of Crane in a report issued on Wednesday. DA Davidson analyst M. Summerville forecasts that the conglomerate will post earnings of $1.29 per share for the quarter. DA Davidson has a “Buy” rating and a $108.00 price target on the stock. DA Davidson also issued estimates for Crane’s Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $5.52 EPS, Q1 2019 earnings at $1.47 EPS, Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.18 EPS.

How to Become a New Pot Stock Millionaire

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 29th. The conglomerate reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Crane had a net margin of 6.17% and a return on equity of 20.66%. The firm had revenue of $714.20 million during the quarter, compared to analyst estimates of $702.50 million. During the same quarter last year, the business posted $1.02 EPS. The company’s revenue was up 4.8% on a year-over-year basis.

A number of other equities research analysts have also issued reports on CR. Zacks Investment Research lowered shares of Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity reissued a “buy” rating and set a $110.00 target price on shares of Crane in a research note on Monday, March 12th. Boenning Scattergood reissued a “hold” rating on shares of Crane in a research note on Tuesday, January 30th. Finally, Oppenheimer reissued a “buy” rating and set a $105.00 target price (up previously from $92.00) on shares of Crane in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Crane presently has a consensus rating of “Buy” and a consensus target price of $106.50.

Shares of Crane (CR) opened at $93.52 on Monday. The stock has a market cap of $5,444.41, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. Crane has a 52 week low of $70.56 and a 52 week high of $102.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Wednesday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.33. Crane’s payout ratio is presently 49.30%.

In related news, insider Brendan Curran sold 16,356 shares of Crane stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.87, for a total value of $1,535,337.72. Following the completion of the sale, the insider now owns 27,702 shares of the company’s stock, valued at approximately $2,600,386.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Augustus I. Dupont sold 16,396 shares of Crane stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the completion of the sale, the vice president now directly owns 102,994 shares of the company’s stock, valued at approximately $10,066,633.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,861 shares of company stock valued at $4,476,647. 3.00% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. acquired a new stake in shares of Crane in the 3rd quarter valued at $344,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Crane by 51.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,695 shares of the conglomerate’s stock worth $240,000 after acquiring an additional 917 shares during the period. AXA raised its holdings in Crane by 3.6% in the 3rd quarter. AXA now owns 113,700 shares of the conglomerate’s stock worth $9,095,000 after acquiring an additional 4,000 shares during the period. Legal & General Group Plc raised its holdings in Crane by 9.8% in the 3rd quarter. Legal & General Group Plc now owns 59,302 shares of the conglomerate’s stock worth $4,744,000 after acquiring an additional 5,274 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Crane by 118.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,725 shares of the conglomerate’s stock worth $298,000 after acquiring an additional 2,017 shares during the period. 69.36% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This story was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3303463/da-davidson-comments-on-crane-co-s-q1-2018-earnings-cr.html.

Crane Company Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Earnings History and Estimates for Crane (NYSE:CR)

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Wagerr  Price Reaches $0.25
Wagerr Price Reaches $0.25
Agoras Tokens  Reaches Market Cap of $57.19 Million
Agoras Tokens Reaches Market Cap of $57.19 Million
CasinoCoin Price Reaches $0.0011 on Top Exchanges
CasinoCoin Price Reaches $0.0011 on Top Exchanges
Analysts Anticipate Old Republic International  to Announce $0.40 Earnings Per Share
Analysts Anticipate Old Republic International to Announce $0.40 Earnings Per Share
Analysts Expect Blue Hills Bancorp  to Announce $0.19 Earnings Per Share
Analysts Expect Blue Hills Bancorp to Announce $0.19 Earnings Per Share
Orthofix  Expected to Announce Quarterly Sales of $107.65 Million
Orthofix Expected to Announce Quarterly Sales of $107.65 Million


© 2006-2018 Ticker Report. Google+.