’Reddit is built for this moment’ - Stock soars on crushed earnings
Investing.com - DA Davidson has reiterated its Buy rating and $200.00 price target on Crane (NYSE:CR) following the company’s quarterly earnings report that exceeded analyst expectations. The stock, currently trading at $199.51, is approaching its 52-week high, with InvestingPro data showing a market capitalization of $11.49 billion.
The industrial products manufacturer reported operating earnings per share that beat DA Davidson’s model by $0.07, driven by organic sales growth and operating profit upside in the Aerospace & Electronics segment, along with lower corporate expenses than anticipated.
Crane’s core orders increased nearly 20% year-over-year, while organic backlog grew 18%, primarily due to strength in the Aerospace & Electronics division. The company’s total backlog reached $1.46 billion, establishing a new record.
In June, Crane announced a highly synergistic acquisition with PSI, which is expected to close on January 1, 2026. The company’s pro-forma balance sheet is projected to be leveraged at just 1.0x post-deal, with what DA Davidson describes as a "full/actionable pipeline" still available.
The company raised the midpoint of its earnings per share guidance by $0.20, reflecting confidence in its operational performance for the remainder of the fiscal period.
In other recent news, Crane Co. announced its financial results for the second quarter of 2025, surpassing analysts’ predictions. The company reported an adjusted earnings per share (EPS) of $1.49, outpacing the anticipated $1.32. Additionally, Crane Co. achieved a revenue of $577.2 million, which was above the expected $570.99 million. These results indicate a strong performance for the quarter. Analysts had forecasted lower figures, but the company managed to exceed these expectations. This development has been noted by investors and analysts alike. Crane Co.’s performance reflects a positive outlook from the market. The company’s ability to surpass revenue and earnings estimates underscores its operational strength. These recent developments have been closely watched by the investment community.
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