Crane NXT (CXT) Scheduled to Post Quarterly Earnings on Wednesday

Crane NXT (NYSE:CXT) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The company had revenue of $356.90 million for the quarter, compared to analysts’ expectations of $340.89 million. Crane NXT had a net margin of 13.53% and a return on equity of 20.33%. Crane NXT’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. On average, analysts expect Crane NXT to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Crane NXT Stock Performance

Shares of Crane NXT stock opened at $60.81 on Wednesday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 18.60 and a beta of 1.37. The firm’s 50-day moving average is $60.55 and its 200 day moving average is $56.83. Crane NXT has a 1 year low of $46.14 and a 1 year high of $63.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.93 and a quick ratio of 1.46.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were paid a $0.16 dividend. This is a boost from Crane NXT’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.05%. Crane NXT’s payout ratio is presently 19.57%.

Analyst Ratings Changes

Several equities analysts have issued reports on CXT shares. DA Davidson upped their target price on shares of Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Northland Securities started coverage on shares of Crane NXT in a research note on Monday, April 8th. They set an “outperform” rating and a $91.00 target price on the stock.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.