Crane (NYSE:CR) issued its earnings results on Sunday. The conglomerate reported $1.66 EPS for the quarter, topping the consensus estimate of $1.31 by $0.35, MarketWatch Earnings reports. Crane had a return on equity of 18.09% and a net margin of 0.71%. The business had revenue of $833.50 million during the quarter, compared to the consensus estimate of $771.33 million. During the same quarter last year, the company earned $1.15 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year.
Crane stock traded up $2.76 during trading hours on Tuesday, reaching $97.50. The company had a trading volume of 503,807 shares, compared to its average volume of 274,105. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.42 and a quick ratio of 1.02. The company has a 50-day moving average price of $94.30 and a 200 day moving average price of $79.38. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 256.59 and a beta of 1.65. Crane has a 12-month low of $44.23 and a 12-month high of $99.32.
In other Crane news, CFO Richard A. Maue sold 15,822 shares of Crane stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $83.12, for a total value of $1,315,124.64. Following the transaction, the chief financial officer now directly owns 93,075 shares of the company’s stock, valued at approximately $7,736,394. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by insiders.
Crane Co manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for 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; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets.
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