$2.00 Billion in Sales Expected for Crown Holdings, Inc. (CCK) This Quarter
Equities analysts expect Crown Holdings, Inc. (NYSE:CCK) to report $2.00 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Crown’s earnings. The lowest sales estimate is $1.96 billion and the highest is $2.05 billion. Crown reported sales of $1.90 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Crown will report full-year sales of $2.00 billion for the current year, with estimates ranging from $8.62 billion to $9.00 billion. For the next year, analysts expect that the firm will post sales of $9.03 billion per share, with estimates ranging from $8.83 billion to $9.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Crown.
Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 56.47%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Shares of Crown (NYSE:CCK) traded down $0.09 on Friday, hitting $51.03. 3,735,060 shares of the stock traded hands, compared to its average volume of 2,056,857. The firm has a market cap of $6,864.17, a PE ratio of 21.62, a P/E/G ratio of 1.66 and a beta of 1.42. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. Crown has a 12 month low of $50.42 and a 12 month high of $62.27.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank boosted its holdings in shares of Crown by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after buying an additional 185 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Crown by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after buying an additional 351 shares during the period. Stifel Financial Corp boosted its holdings in shares of Crown by 1.8% in the second quarter. Stifel Financial Corp now owns 22,247 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 395 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Crown by 40.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after buying an additional 863 shares during the period. Finally, Korea Investment CORP boosted its holdings in shares of Crown by 2.0% during the third quarter. Korea Investment CORP now owns 46,100 shares of the industrial products company’s stock worth $2,753,000 after purchasing an additional 900 shares during the period. Institutional investors own 88.91% of the company’s stock.
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Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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