Crane NXT (CXT) Scheduled to Post Quarterly Earnings on Wednesday

Crane NXT (NYSE:CXT) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect Crane NXT to post earnings of $0.86 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $356.90 million during the quarter, compared to analysts’ expectations of $340.89 million. Crane NXT had a net margin of 13.53% and a return on equity of 20.33%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 earnings per share. On average, analysts expect Crane NXT to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Crane NXT Trading Up 0.9 %

Shares of Crane NXT stock opened at $61.52 on Monday. Crane NXT has a fifty-two week low of $46.14 and a fifty-two week high of $63.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.46 and a current ratio of 1.93. The company has a market capitalization of $3.51 billion, a P/E ratio of 18.81 and a beta of 1.36. The company has a fifty day moving average of $60.60 and a 200 day moving average of $57.00.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were paid a $0.16 dividend. This is a positive change from Crane NXT’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.04%. Crane NXT’s dividend payout ratio is 19.57%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CXT. Northland Securities initiated coverage on Crane NXT in a research note on Monday, April 8th. They set an “outperform” rating and a $91.00 target price on the stock. DA Davidson lifted their price objective on shares of Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 18th.

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.