Q1 Earnings Forecast for Crane NXT Issued By DA Davidson

Crane NXT, Co. (NYSE:CXT) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for Crane NXT in a research note issued to investors on Tuesday, February 18th. DA Davidson analyst M. Summerville expects that the company will post earnings of $0.52 per share for the quarter. The consensus estimate for Crane NXT’s current full-year earnings is $4.16 per share. DA Davidson also issued estimates for Crane NXT’s FY2025 earnings at $4.17 EPS.

Other equities analysts have also issued research reports about the stock. Northland Securities lowered shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price on the stock. in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Crane NXT presently has an average rating of “Moderate Buy” and an average target price of $83.33.

Crane NXT Trading Down 1.9 %

Shares of CXT stock opened at $58.15 on Thursday. Crane NXT has a 1 year low of $52.89 and a 1 year high of $67.00. The firm’s fifty day simple moving average is $60.94 and its 200 day simple moving average is $58.59. The firm has a market capitalization of $3.33 billion, a P/E ratio of 18.23 and a beta of 1.36. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s payout ratio is 20.06%.

Institutional Investors Weigh In On Crane NXT

Several institutional investors and hedge funds have recently bought and sold shares of CXT. Capital International Investors increased its holdings in Crane NXT by 79.3% in the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company’s stock valued at $78,658,000 after buying an additional 597,537 shares during the period. Conestoga Capital Advisors LLC bought a new stake in shares of Crane NXT in the 4th quarter worth about $31,517,000. Silvercrest Asset Management Group LLC grew its holdings in shares of Crane NXT by 95.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company’s stock worth $59,470,000 after purchasing an additional 499,290 shares during the last quarter. Norges Bank bought a new stake in shares of Crane NXT in the 4th quarter worth about $26,754,000. Finally, FMR LLC grew its holdings in shares of Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company’s stock worth $499,337,000 after purchasing an additional 336,765 shares during the last quarter. Institutional investors own 77.49% of the company’s 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.