Zacks: Brokerages Set $9.00 Price Target for Crawford & Company (NYSE:CRD.B)
Shares of Crawford & Company (NYSE:CRD.B) have been given an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus price target of $9.00 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Crawford & Company an industry rank of 161 out of 254 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on CRD.B shares. TheStreet lowered shares of Crawford & Company from a “c” rating to a “d+” rating in a research note on Monday, May 18th. Zacks Investment Research lowered shares of Crawford & Company from a “hold” rating to a “sell” rating in a research note on Thursday, June 11th. Finally, ValuEngine raised shares of Crawford & Company from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th.
Crawford & Company (NYSE:CRD.B) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.08). Crawford & Company had a negative net margin of 0.48% and a positive return on equity of 21.09%. The business had revenue of $237.53 million during the quarter, compared to analysts’ expectations of $240.14 million. Equities research analysts predict that Crawford & Company will post 0.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Tuesday, June 2nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.12 dividend on an annualized basis and a yield of 1.63%. Crawford & Company’s payout ratio is 18.46%.
Crawford & Company Company Profile
Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses.
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