Crane (NYSE:CR – Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $5.05-$5.20 for the period, compared to the consensus EPS estimate of $5.10. The company issued revenue guidance of $2.31 billion, compared to the consensus revenue estimate of $2.33 billion.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CR. Stifel Nicolaus raised their target price on shares of Crane from $168.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.33.
Check Out Our Latest Analysis on CR
Crane Trading Up 2.2 %
Crane (NYSE:CR – Get Free Report) last released its earnings results on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $568.33 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts anticipate that Crane will post 7.87 earnings per share for the current year.
Crane Company Profile
Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.
See Also
- Five stocks we like better than Crane
- Conference Calls and Individual Investors
- Inflation Risk Rising, Key Trades Investors Are Making Now
- 3 Monster Growth Stocks to Buy Now
- 3 Oil Stocks to Watch Before Earnings Come Out
- Stock Analyst Ratings and Canadian Analyst Ratings
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
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.