Crown (NYSE:CCK) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS
by Doug Wharley · The Cerbat GemCrown (NYSE:CCK – Get Free Report) posted its quarterly earnings results on Monday. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11, FiscalAI reports. Crown had a net margin of 5.97% and a return on equity of 26.68%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. Crown updated its FY 2026 guidance to 7.900-8.300 EPS and its Q2 2026 guidance to 2.100-2.200 EPS.
Crown Price Performance
Shares of NYSE CCK traded up $0.61 during mid-day trading on Monday, hitting $101.74. 1,150,519 shares of the stock were exchanged, compared to its average volume of 1,131,394. The company has a market cap of $11.42 billion, a P/E ratio of 15.97, a PEG ratio of 1.66 and a beta of 0.75. The stock’s fifty day simple moving average is $106.33 and its two-hundred day simple moving average is $102.71. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. Crown has a twelve month low of $88.67 and a twelve month high of $116.62.
Crown Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Crown’s dividend payout ratio (DPR) is 21.98%.
Analysts Set New Price Targets
Several research firms recently issued reports on CCK. UBS Group dropped their price target on shares of Crown from $126.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $112.00 to $155.00 in a research report on Friday, February 6th. Morgan Stanley reissued an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Finally, Royal Bank Of Canada increased their price target on shares of Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.40.
Read Our Latest Stock Analysis on CCK
Insider Activity at Crown
In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total transaction of $801,375.00. Following the sale, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer directly owned 88,052 shares in the company, valued at $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 59,734 shares of company stock worth $6,619,863 over the last three months. 0.90% of the stock is owned by insiders.
Institutional Trading of Crown
Several hedge funds have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Crown by 2.1% during the third quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after purchasing an additional 93,045 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Crown by 19.3% during the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after purchasing an additional 670,412 shares during the last quarter. Invesco Ltd. grew its stake in shares of Crown by 33.6% during the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after purchasing an additional 886,471 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Crown by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,945,011 shares of the industrial products company’s stock valued at $200,286,000 after purchasing an additional 215,898 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Crown by 6.5% during the third quarter. Northern Trust Corp now owns 1,441,392 shares of the industrial products company’s stock valued at $139,224,000 after purchasing an additional 87,782 shares during the last quarter. 90.93% of the stock is owned by institutional investors.
Crown Company Profile
Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.
Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.