Crown (NYSE:CCK) Posts Earnings Results, Beats Estimates By $0.08 EPS

Crown (NYSE:CCK) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08, Zacks reports. Crown had a net margin of 0.83% and a return on equity of 24.57%. Crown updated its Q1 2025 guidance to 1.200-1.300 EPS and its FY 2025 guidance to 6.600-7.000 EPS.

Crown Price Performance

Shares of CCK stock traded down $0.27 during trading on Wednesday, hitting $85.15. The company had a trading volume of 3,280,489 shares, compared to its average volume of 1,375,469. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The stock’s 50-day moving average is $85.82 and its two-hundred day moving average is $89.26. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 105.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87. Crown has a 52 week low of $69.61 and a 52 week high of $98.46.

Analysts Set New Price Targets

CCK has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Truist Financial boosted their price target on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $109.00 to $105.00 in a report on Monday, January 13th. Citigroup upped their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada upped their price objective on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.46.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.