Zacks: Brokerages Expect Crown Holdings, Inc. (CCK) to Announce $0.79 Earnings Per Share

Analysts expect that Crown Holdings, Inc. (NYSE:CCK) will report earnings of $0.79 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Crown’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.80. Crown reported earnings per share of $0.71 in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is expected to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Crown will report full-year earnings of $4.03 per share for the current year, with EPS estimates ranging from $4.00 to $4.05. For the next fiscal year, analysts forecast that the firm will report earnings of $4.43 per share, with EPS estimates ranging from $4.27 to $4.65. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Crown.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm posted $1.33 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year.

CCK has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 target price on shares of Crown in a research note on Monday, September 4th. Barclays lifted their target price on shares of Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Wells Fargo & Company lifted their target price on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. UBS initiated coverage on shares of Crown in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, Zacks Investment Research raised shares of Crown from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $64.27.

A number of institutional investors have recently modified their holdings of the business. AXA boosted its holdings in shares of Crown by 10.9% during the 3rd quarter. AXA now owns 163,200 shares of the industrial products company’s stock valued at $9,746,000 after buying an additional 16,000 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Crown during the 3rd quarter valued at $731,000. IFM Investors Pty Ltd bought a new stake in shares of Crown during the 3rd quarter valued at $365,000. Neuberger Berman Group LLC boosted its holdings in shares of Crown by 17.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock valued at $124,157,000 after buying an additional 302,595 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Crown by 40.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after buying an additional 863 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown (NYSE:CCK) traded up $0.05 during midday trading on Monday, hitting $56.58. 4,300,900 shares of the company traded hands, compared to its average volume of 815,610. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. Crown has a 12 month low of $51.76 and a 12 month high of $62.27. The stock has a market capitalization of $7,590.45, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 2.00 and a beta of 1.42.

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Crown Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Earnings History and Estimates for Crown (NYSE:CCK)

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