Crown (NYSE:CCK) Announces Quarterly Earnings Results

Crown (NYSE:CCK) issued its earnings results on Wednesday. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08, Zacks reports. Crown had a return on equity of 24.57% and a net margin of 0.83%. Crown updated its Q1 2025 guidance to 1.200-1.300 EPS and its FY 2025 guidance to 6.600-7.000 EPS.

Crown Trading Down 0.3 %

CCK stock traded down $0.27 on Wednesday, reaching $85.15. The company’s stock had a trading volume of 3,280,489 shares, compared to its average volume of 1,375,469. The business has a fifty day simple moving average of $85.82 and a two-hundred day simple moving average of $89.26. Crown has a 12-month low of $69.61 and a 12-month high of $98.46. The firm has a market cap of $10.19 billion, a PE ratio of 105.13, a PEG ratio of 1.70 and a beta of 0.87. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird upped their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. UBS Group dropped their price objective on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.46.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.