Crawford & Company (NYSE:CRD.B) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Crawford & Company (NYSE:CRD.B) released its quarterly earnings data on Monday. The business services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07, Zacks reports. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The firm had revenue of $321.63 million for the quarter, compared to analyst estimates of $325.39 million.

Crawford & Company Trading Up 2.9%

Shares of NYSE:CRD.B opened at $12.13 on Tuesday. The company has a market capitalization of $589.69 million, a P/E ratio of 25.27 and a beta of 0.63. Crawford & Company has a 1 year low of $8.78 and a 1 year high of $13.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50 day simple moving average is $11.96 and its 200 day simple moving average is $10.77.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Crawford & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Crawford & Company has an average rating of “Hold”.

Insider Transactions at Crawford & Company

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the sale, the insider directly owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Bart sold 3,305 shares of Crawford & Company stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.36, for a total value of $44,154.80. Following the completion of the transaction, the executive vice president owned 86,395 shares in the company, valued at approximately $1,154,237.20. This represents a 3.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,020,093 shares of company stock worth $13,075,773 over the last quarter. Corporate insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.