’Reddit is built for this moment’ - Stock soars on crushed earnings
Investing.com - Stifel maintained its Hold rating and $189.00 price target on Crane (NYSE:CR), which is currently trading near its 52-week high at $203.42, following the company’s second-quarter earnings report that exceeded analyst expectations. InvestingPro data shows the stock has delivered an impressive 25.54% return year-to-date.
Crane reported second-quarter revenue of $577.2 million, surpassing both Stifel’s estimate of $574.1 million and the Street consensus of $566.0 million. The company delivered adjusted earnings per share of $1.49, which outperformed Stifel’s projection of $1.36 and the Street’s expectation of $1.33. This performance aligns with the company’s strong financial health score of GOOD according to InvestingPro, which offers 15+ additional insights about Crane’s financial position.
The industrial products manufacturer updated its 2025 guidance, raising its EPS forecast to a range of $5.50-$5.80 from the previous $5.30-$5.60. Crane also increased its sales growth projection to approximately 6.5% from 5%, while maintaining its core sales growth outlook of 4%-6%. The company has demonstrated consistent performance, with a notable track record of maintaining dividend payments for 55 consecutive years, as highlighted in InvestingPro’s analysis.
Stifel characterized the quarter as "strong" with revenue and EPS exceeding consensus expectations, primarily driven by robust Aerospace & Electronics margins. The guidance increase was attributed mainly to favorable foreign exchange rates and non-operating income.
Orders showed significant strength during the quarter, rising 20% organically, led by the Aerospace & Electronics segment, while the Payment & Merchandising Technologies segment saw orders increase 4% year-over-year but decline 1% sequentially.
In other recent news, Crane Company reported second-quarter earnings that surpassed analyst expectations, with adjusted earnings per share reaching $1.49 compared to the anticipated $1.32. The company’s revenue for the quarter was $577.2 million, exceeding the consensus estimate of $570.99 million and marking a 9.2% increase from the previous year. Crane’s core sales experienced a 6.5% year-over-year growth, with acquisitions contributing 1.8% and favorable foreign exchange adding 0.9%. Additionally, Crane Company raised its full-year outlook, attributing the positive adjustment to strong performance in its aerospace business. These developments reflect the company’s robust operational execution and strategic growth initiatives. The recent earnings beat and guidance raise highlight Crane’s ability to navigate market conditions effectively. Investors and analysts will likely monitor how the company continues to leverage its strengths in the coming quarters.
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