Crown Crafts (NASDAQ:CRWS) Issues Earnings Results, Misses Estimates By $0.02 EPS

Crown Crafts (NASDAQ:CRWS) posted its earnings results on Thursday. The textile maker reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02), Fidelity Earnings reports. Crown Crafts had a return on equity of 14.27% and a net margin of 6.30%. The business had revenue of $21.72 million for the quarter, compared to the consensus estimate of $20.40 million.

CRWS traded down $0.11 during trading on Friday, reaching $4.65. 10,118 shares of the company’s stock were exchanged, compared to its average volume of 24,733. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.46 and a quick ratio of 1.48. Crown Crafts has a one year low of $4.01 and a one year high of $6.15. The firm has a market capitalization of $48.59 million, a price-to-earnings ratio of 8.61 and a beta of 0.57.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date is Thursday, June 13th. Crown Crafts’s payout ratio is 59.26%.

Separately, ValuEngine lowered shares of Crown Crafts from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 14th.

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Crown Crafts Company Profile

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.

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Earnings History for Crown Crafts (NASDAQ:CRWS)

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