Crane Co. (NYSE:CR) manufacturer of engineered industrial products, is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.79 per share.
Looking ahead, the full year income are expected at $ 3.75 per share on the revenues of $ 2889.41 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.70 ~ $ 0.85 per share
Full Year 2020 topline are forecasted in a range of$ 2,800.00 million ~ $ 2,925.00 million, where as bottomline are predicted in a range of $ 3.30 ~ $ 4.10 per share
Click Here For More Historical Outlooks Of Crane Co.
Previous Quarter Performance
Crane Co. disclosed income for the second quarter of $ 0.64 per share, from the revenue of $ 677.90 million. The quarterly earnings decreased 59.49 percent while revenues reduced 18.74 percent compared with the same quarter last year.
Wall street analysts are predicting, CR to report 2Q20 income of $ 0.47 per share from revenue of $ 626.09 million. The bottom line results beat street analysts by $ 0.17 or 36.17 percent, at the same time, top line results outshined analysts by $ 51.81 million or 8.28 percent.
Stock Performance
On Friday, shares of Crane Co. has traded high as $ 56.79 and has cracked $ 54.84 on the downward trend, reaching $ 55.14 with volume of 224.50 thousand shares.
According to the previous trading day, closing price of $ 55.14, representing a 51.40 % increase from the 52 week low of $ 36.77 and a 37.83 % decrease over the 52 week high of $ 89.54.
The company has a market capital of $ 3.20 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
On July 27, 2020, the board of directors authorized quarterly dividend of $ 0.43 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 9, 2020 and ex-dividend date on August 28, 2020.
Crane Co. manufactures and sells engineered industrial products in the United States and internationally. The companys 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.
