Crane NXT (NYSE:CXT) Posts Earnings Results

Crane NXT (NYSE:CXT) posted its quarterly earnings data on Wednesday. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01, Zacks reports. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Crane NXT updated its FY 2025 guidance to 4.000-4.300 EPS.

Crane NXT Trading Down 1.7 %

Crane NXT stock traded down $1.03 during midday trading on Wednesday, reaching $58.59. The stock had a trading volume of 594,523 shares, compared to its average volume of 404,022. The stock’s 50-day simple moving average is $61.29 and its 200 day simple moving average is $58.65. Crane NXT has a twelve month low of $52.89 and a twelve month high of $67.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The stock has a market capitalization of $3.35 billion, a PE ratio of 19.21 and a beta of 1.36.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio is presently 20.98%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Robert W. Baird raised their price target on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.