Crane Company (CR) experienced a decrease in stock price by $2.81, representing a -1.54% change from the previous close, now at $180.2. The trading volume surged to $344,774, a 69.69% increase compared to the average.
In the latest quarterly earnings report released on Sunday, April 26th, Crane Company fell short of expectations with a consensus estimate EPS of 1.44.
The company's forward dividend yield stands at 0.566%, with a dividend per share MRQ of 25.5 cents, reflecting a 12.1951 cents increase year-over-year.
Crane Company reported a free cash flow of $199.8 million, with a net change in cash of $1.34 billion, leading to a closing cash balance of $1.73 billion.
The company generated $581 million in revenue, resulting in a gross profit of $241.6 million. The net income for the period stood at $81.7 million, translating to an EPS of $1.42.
Key ratios include a net profit margin of 14.06%, return on equity of 3.96%, and a price-to-earnings ratio of 32.51.
Crane Company holds total assets worth $3.85 billion, with net debt amounting to -$513.6 million, showcasing a strong financial position amidst market uncertainties.
Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense, and space markets. This segment also offers pressure sensors for aircraft engine control, aircraft braking systems for fighter jets, power conversion solutions for spacecraft, and lubrication systems. The Process Flow Technologies segment provides engineered fluid handling equipment for mission critical applications. It offers process valves and related products, commercial valves, and pumps and systems. The Payment & Merchandising Technologies segment provides electronic equipment and associated software leveraging extensive, and proprietary core capabilities, including payment verification and authentication, as well as automation solutions, field service solutions, remote diagnostics, and productivity enhancing software solutions. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles and in commercial and industrial buildings applications. It provides products and solutions to customers across end markets, including aerospace, defense, chemical and pharmaceutical, water and wastewater, payment automation, non-residential and municipal construction, energy, and banknote design and production, as well as for a range of general industrial and consumer applications. The company was formerly known as Crane Holdings, Co. Crane Company was founded in 1855 and is based in Stamford, Connecticut.