FY2025 Earnings Forecast for Crane NXT Issued By DA Davidson

Crane NXT, Co. (NYSE:CXT) – DA Davidson decreased their FY2025 earnings estimates for Crane NXT in a report issued on Friday, May 9th. DA Davidson analyst M. Summerville now anticipates that the company will post earnings per share of $4.10 for the year, down from their prior forecast of $4.17. DA Davidson currently has a “Buy” rating and a $85.00 price target on the stock. 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 FY2026 earnings at $4.85 EPS.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share.

A number of other research firms have also recently commented on CXT. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a research note on Tuesday, February 18th. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.33.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $55.32 on Monday. The company has a 50 day moving average of $49.18 and a 200 day moving average of $55.95. The stock has a market cap of $3.17 billion, a P/E ratio of 17.34 and a beta of 1.27. Crane NXT has a 12 month low of $41.54 and a 12 month high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Institutional Trading of Crane NXT

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its position in shares of Crane NXT by 3.0% in the 4th quarter. Deutsche Bank AG now owns 5,831 shares of the company’s stock worth $339,000 after buying an additional 168 shares during the period. Covestor Ltd boosted its stake in Crane NXT by 38.6% in the 4th quarter. Covestor Ltd now owns 739 shares of the company’s stock worth $43,000 after purchasing an additional 206 shares in the last quarter. FourThought Financial Partners LLC boosted its stake in Crane NXT by 4.6% in the 1st quarter. FourThought Financial Partners LLC now owns 4,909 shares of the company’s stock worth $252,000 after purchasing an additional 216 shares in the last quarter. Amalgamated Bank boosted its stake in Crane NXT by 1.0% in the 4th quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock worth $1,336,000 after purchasing an additional 233 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Crane NXT by 1.2% in the 4th quarter. Corient Private Wealth LLC now owns 21,139 shares of the company’s stock worth $1,231,000 after purchasing an additional 254 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, May 30th. Crane NXT’s payout ratio is currently 23.37%.

Crane NXT Company Profile

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.