Crane
The 10-second takeaway
For the quarter ended March 31 (Q1), Crane beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Gross margins dropped, operating margins grew, and net margins were steady.
Revenue details
Crane chalked up revenue of $657.9 million. The four analysts polled by S&P Capital IQ predicted sales of $647.4 million on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $611.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.88. The six earnings estimates compiled by S&P Capital IQ anticipated $0.91 per share. GAAP EPS of $0.88 for Q1 were 8.6% higher than the prior-year quarter's $0.81 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 33.5%, 140 basis points worse than the prior-year quarter. Operating margin was 12.1%, 20 basis points better than the prior-year quarter. Net margin was 7.9%, about the same as the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $677.7 million. On the bottom line, the average EPS estimate is $0.99.
Next year's average estimate for revenue is $2.68 billion. The average EPS estimate is $3.89.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 130 members out of 141 rating the stock outperform, and 11 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Crane a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crane is outperform, with an average price target of $55.
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