Crane NXT, Co. (NYSE:CXT – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.18 per share on Wednesday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th.
Crane NXT has decreased its dividend by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 2 years. Crane NXT has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Crane NXT to earn $4.67 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.4%.
Crane NXT Stock Down 3.4%
Crane NXT stock opened at $59.49 on Friday. Crane NXT has a twelve month low of $35.71 and a twelve month high of $65.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. The firm has a market cap of $3.42 billion, a PE ratio of 26.92 and a beta of 1.03. The firm’s 50 day moving average price is $51.84 and its two-hundred day moving average price is $48.10.
Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Crane NXT had a return on equity of 19.72% and a net margin of 6.91%. The firm had revenue of $497.10 million during the quarter, compared to analysts’ expectations of $495.00 million. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts predict that Crane NXT will post 4.31 EPS for the current fiscal year.
Crane NXT Company Profile
Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.
Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.
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