Crown Crafts (NASDAQ:CRWS) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Crown Crafts (NASDAQ:CRWS) released its earnings results on Wednesday. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.11), FiscalAI reports. The firm had revenue of $22.38 million during the quarter, compared to analyst estimates of $16.30 million. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%.

Crown Crafts Stock Up 1.5%

Shares of CRWS opened at $2.78 on Wednesday. The company has a market capitalization of $29.75 million, a price-to-earnings ratio of -3.12 and a beta of 0.65. Crown Crafts has a 52 week low of $2.35 and a 52 week high of $3.22. The stock’s 50-day moving average price is $2.77 and its 200-day moving average price is $2.80. The company has a quick ratio of 1.47, a current ratio of 3.43 and a debt-to-equity ratio of 0.37.

Crown Crafts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a $0.08 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.5%. Crown Crafts’s dividend payout ratio is presently -35.96%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Crafts in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Crown Crafts presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mariner LLC purchased a new stake in Crown Crafts in the 4th quarter worth approximately $28,000. XTX Topco Ltd purchased a new position in shares of Crown Crafts during the 4th quarter valued at approximately $32,000. Empowered Funds LLC lifted its stake in shares of Crown Crafts by 7.8% in the 4th quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 4,078 shares during the period. Geode Capital Management LLC lifted its stake in shares of Crown Crafts by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after purchasing an additional 5,717 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after buying an additional 3,688 shares in the last quarter. 30.23% of the stock is owned by institutional investors and hedge funds.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.