Crown (NYSE:CCK – Get Free Report) issued its earnings results on Monday. The industrial products company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.13, FiscalAI reports. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.45 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%.
Crown Stock Up 0.6%
Crown stock traded up $0.73 during midday trading on Monday, reaching $114.88. The stock had a trading volume of 1,103,266 shares, compared to its average volume of 1,084,171. The stock has a market capitalization of $12.49 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.56. The firm’s fifty day simple moving average is $113.05 and its 200-day simple moving average is $108.19. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05. Crown has a 1-year low of $91.31 and a 1-year high of $122.91.
Crown Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is currently 20.14%.
Key Stories Impacting Crown
Here are the key news stories impacting Crown this week:
- Positive Sentiment: Quarterly results exceeded expectations. Crown reported third-quarter revenue of $3.71 billion, up from $3.20 billion a year earlier and approximately $240 million above consensus. Non-GAAP diluted EPS was $2.39, beating estimates by $0.13, while reported diluted EPS increased to $2.08 from $1.85. Crown Holdings earnings beat
- Positive Sentiment: Operating trends improved. Global beverage-can volumes rose 6%, operating income increased to $442 million from $423 million, and net income attributable to Crown reached $225 million versus $214 million in the prior-year quarter. The company also repurchased $81 million of stock. Crown Holdings third-quarter results
- Positive Sentiment: Full-year guidance remains solid. Crown forecast adjusted full-year EPS of $8.35 to $8.45 and adjusted free cash flow of at least $950 million. Fourth-quarter adjusted EPS is expected at $1.63 to $1.73. Crown Holdings third-quarter 2026 results
- Neutral Sentiment: Analyst support is limited. Wells Fargo reduced its price target from $127 to $126 while maintaining an “equal weight” rating, suggesting modest upside but no strong near-term catalyst.
- Negative Sentiment: Insider activity was unfavorable. CEO Timothy Donahue sold 22,500 shares during the past six months, with no reported insider purchases.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Citigroup reissued a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Mizuho increased their price target on shares of Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Jefferies Financial Group set a $121.00 price target on shares of Crown in a report on Wednesday, July 22nd. Truist Financial restated a “buy” rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.67.
Check Out Our Latest Stock Report on CCK
Crown Company Profile
Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.
The company serves customers across North America, Europe, Asia Pacific and other international markets. Crown’s products are used for beer, soft drinks, energy drinks, canned foods, household products, personal care items and industrial materials.
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