Crown (NYSE:CCK) will post its quarterly earnings results after the market closes on Wednesday, July 17th. Analysts expect Crown to post earnings of $1.50 per share for the quarter.
Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, April 17th. The industrial products company reported $1.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.05. Crown had a return on equity of 54.33% and a net margin of 3.86%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts expect Crown to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Crown stock opened at $60.54 on Tuesday. Crown has a one year low of $39.05 and a one year high of $63.39. The stock has a fifty day moving average of $59.63. The company has a quick ratio of 0.65, a current ratio of 1.20 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.64 and a beta of 1.59.
In related news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction on Monday, June 10th. The stock was sold at an average price of $60.79, for a total transaction of $607,900.00. Following the completion of the sale, the chief operating officer now owns 152,292 shares of the company’s stock, valued at $9,257,830.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Conway sold 129,000 shares of Crown stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $58.06, for a total value of $7,489,740.00. Following the sale, the director now directly owns 1,156,677 shares of the company’s stock, valued at approximately $67,156,666.62. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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