Analysts forecast that Crane Co. (NYSE:CR) will post $836.53 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Crane’s earnings. The lowest sales estimate is $833.40 million and the highest is $839.70 million. Crane reported sales of $851.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, July 22nd.

On average, analysts expect that Crane will report full year sales of $3.34 billion for the current financial year, with estimates ranging from $3.33 billion to $3.34 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.47 billion, with estimates ranging from $3.43 billion to $3.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Crane.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, April 29th. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $831.70 million during the quarter, compared to analyst estimates of $792.39 million. Crane had a net margin of 10.34% and a return on equity of 24.49%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share.

CR has been the subject of a number of research analyst reports. Buckingham Research dropped their price target on shares of Crane from $102.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. UBS Group restated a “buy” rating and issued a $70.00 price target on shares of Lumentum in a research note on Thursday, April 11th. Finally, Zacks Investment Research downgraded shares of Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Crane has a consensus rating of “Buy” and a consensus target price of $93.02.

In other Crane news, Director James L. L Tullis acquired 1,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average price of $78.13 per share, with a total value of $78,130.00. Following the completion of the acquisition, the director now directly owns 1,110 shares in the company, valued at approximately $86,724.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.39% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its holdings in shares of Crane by 563.5% during the first quarter. Quadrant Capital Group LLC now owns 345 shares of the conglomerate’s stock valued at $28,000 after acquiring an additional 293 shares during the period. Icon Wealth Partners LLC acquired a new position in shares of Crane during the first quarter valued at $47,000. Exane Derivatives acquired a new position in shares of Crane during the second quarter valued at $83,000. Twin Tree Management LP boosted its holdings in shares of Crane by 134.0% during the first quarter. Twin Tree Management LP now owns 1,179 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 4,645 shares during the period. Finally, First Interstate Bank acquired a new position in shares of Crane during the first quarter valued at $110,000. 69.48% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CR traded up $1.61 during midday trading on Friday, reaching $83.10. The company had a trading volume of 235,299 shares, compared to its average volume of 313,310. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.95 and a quick ratio of 1.32. The company’s fifty day simple moving average is $81.00. The stock has a market cap of $4.88 billion, a PE ratio of 13.87, a P/E/G ratio of 2.04 and a beta of 1.36. Crane has a one year low of $67.18 and a one year high of $100.14.

About Crane

Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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