Crown Crafts (NASDAQ:CRWS) Releases Quarterly Earnings Results

Crown Crafts (NASDAQ:CRWS) posted its quarterly earnings results on Wednesday. The textile maker reported ($0.04) earnings per share for the quarter, Zacks reports. Crown Crafts had a positive return on equity of 3.17% and a negative net margin of 10.72%. The business had revenue of $23.23 million for the quarter.

Crown Crafts Stock Performance

NASDAQ CRWS opened at $2.82 on Friday. The stock’s fifty day moving average is $3.09 and its two-hundred day moving average is $3.75. The firm has a market capitalization of $29.30 million, a P/E ratio of -3.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 3.36. Crown Crafts has a fifty-two week low of $2.80 and a fifty-two week high of $5.35.

Crown Crafts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 11.35%. Crown Crafts’s dividend payout ratio is presently 133.33%.

About Crown Crafts

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.