Crown Holdings, Inc. (CCK) Expected to Post Earnings of $0.79 Per Share

Brokerages expect Crown Holdings, Inc. (NYSE:CCK) to report $0.79 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Crown Holdings’ earnings, with estimates ranging from $0.77 to $0.80. Crown Holdings reported earnings per share of $0.71 during the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The firm is scheduled to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Crown Holdings 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 year, analysts expect that the firm will post earnings of $4.39 per share, with EPS estimates ranging from $4.27 to $4.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Crown Holdings.

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

A number of analysts recently commented on CCK shares. Vertical Research downgraded Crown Holdings from a “buy” rating to a “hold” rating and increased their price target for the company from $60.00 to $64.00 in a research report on Friday, July 21st. Jefferies Group LLC set a $70.00 price target on Crown Holdings and gave the company a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 price target on shares of Crown Holdings in a research report on Monday, September 4th. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Crown Holdings currently has an average rating of “Hold” and a consensus price target of $64.20.

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Shares of Crown Holdings (NYSE CCK) traded down $0.52 on Friday, hitting $58.93. The company had a trading volume of 581,400 shares, compared to its average volume of 795,405. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. The stock has a market capitalization of $7,982.52, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44. Crown Holdings has a one year low of $51.57 and a one year high of $61.61.

A number of large investors have recently bought and sold shares of CCK. Dimensional Fund Advisors LP boosted its stake in Crown Holdings by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 433,137 shares of the industrial products company’s stock valued at $22,933,000 after buying an additional 23,836 shares during the period. Bank of Montreal Can boosted its stake in Crown Holdings by 45.5% during the second quarter. Bank of Montreal Can now owns 207,218 shares of the industrial products company’s stock valued at $12,363,000 after buying an additional 64,805 shares during the period. Pennsylvania Trust Co bought a new stake in Crown Holdings during the second quarter valued at $251,000. Creative Planning boosted its stake in Crown Holdings by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Crown Holdings by 5,268.8% during the second quarter. Meeder Asset Management Inc. now owns 24,804 shares of the industrial products company’s stock valued at $1,479,000 after buying an additional 24,342 shares during the period. 91.37% of the stock is owned by institutional investors.

Crown Holdings 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 Holdings (NYSE:CCK)

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