Equities analysts expect Crown Holdings, Inc. (NYSE:CCK) to report earnings of $1.59 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Crown’s earnings, with the highest EPS estimate coming in at $1.61 and the lowest estimate coming in at $1.59. Crown reported earnings per share of $1.56 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The company is expected to announce its next quarterly earnings results on Wednesday, October 21st.
According to Zacks, analysts expect that Crown will report full year earnings of $5.19 per share for the current fiscal year, with EPS estimates ranging from $5.12 to $5.25. For the next fiscal year, analysts anticipate that the company will report earnings of $5.66 per share, with EPS estimates ranging from $5.43 to $5.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Crown.
Crown (NYSE:CCK) last posted its earnings results on Monday, July 20th. The industrial products company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.76 billion. Crown had a return on equity of 32.53% and a net margin of 4.28%. Crown’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS.
Shares of Crown stock traded up $0.77 during midday trading on Wednesday, hitting $76.51. 803,889 shares of the company were exchanged, compared to its average volume of 1,162,196. The firm has a 50 day simple moving average of $75.09 and a 200-day simple moving average of $66.30. Crown has a 52 week low of $42.97 and a 52 week high of $80.57. The firm has a market cap of $10.31 billion, a P/E ratio of 21.37, a PEG ratio of 2.92 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.15 and a quick ratio of 0.65.
In other news, insider Didier Sourisseau sold 5,600 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $74.48, for a total value of $417,088.00. Following the transaction, the insider now directly owns 76,908 shares in the company, valued at approximately $5,728,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Crown by 3.0% in the 2nd quarter. FMR LLC now owns 7,820,239 shares of the industrial products company’s stock worth $509,332,000 after purchasing an additional 226,806 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Crown by 14.4% in the 1st quarter. JPMorgan Chase & Co. now owns 7,456,034 shares of the industrial products company’s stock worth $432,748,000 after purchasing an additional 935,962 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Crown by 3.0% in the 1st quarter. Janus Henderson Group PLC now owns 7,102,066 shares of the industrial products company’s stock worth $412,204,000 after purchasing an additional 204,163 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Crown by 171.5% in the 2nd quarter. Nordea Investment Management AB now owns 3,559,740 shares of the industrial products company’s stock worth $231,668,000 after purchasing an additional 2,248,500 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its position in shares of Crown by 23.2% in the 1st quarter. Maverick Capital Ltd. now owns 3,486,509 shares of the industrial products company’s stock worth $202,357,000 after purchasing an additional 656,156 shares during the last quarter. Institutional investors and hedge funds own 88.50% of the company’s stock.
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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