Crane NXT (NYSE:CXT – Get Free Report) posted its earnings results on Wednesday. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.04 by $0.02, Briefing.com reports. The company had revenue of $370.60 million during the quarter, compared to analyst estimates of $367.08 million. Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Crane NXT updated its FY24 guidance to $4.20-4.35 EPS and its FY 2024 guidance to 4.200-4.350 EPS.
Crane NXT Stock Performance
CXT stock traded up $0.22 during mid-day trading on Friday, reaching $56.72. The company had a trading volume of 780,622 shares, compared to its average volume of 327,940. The stock’s 50-day simple moving average is $60.04 and its two-hundred day simple moving average is $60.24. The stock has a market capitalization of $3.24 billion, a P/E ratio of 17.89 and a beta of 1.34. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. Crane NXT has a one year low of $48.42 and a one year high of $64.80.
Crane NXT Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, August 30th. Crane NXT’s dividend payout ratio is presently 20.19%.
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.
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