Crown (NYSE:CCK) Releases Quarterly Earnings Results, Beats Expectations By $0.34 EPS

Crown (NYSE:CCK) issued its quarterly earnings data on Monday. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.34, FiscalAI reports. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. During the same period in the prior year, the company earned $2.15 EPS. Crown updated its Q3 2026 guidance to 2.200-2.30 EPS and its FY 2026 guidance to 8.300-8.50 EPS.

Crown Trading Down 2.1%

NYSE CCK opened at $114.73 on Tuesday. The stock’s fifty day moving average price is $103.18 and its 200-day moving average price is $104.80. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The stock has a market cap of $12.82 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 0.60. Crown has a 12 month low of $89.21 and a 12 month high of $118.50.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 14th. Crown’s dividend payout ratio (DPR) is 22.29%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at $45,787,350. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Crown during the 4th quarter worth $127,230,000. AQR Capital Management LLC lifted its position in Crown by 36.9% during the third quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after purchasing an additional 933,938 shares in the last quarter. Invesco Ltd. increased its position in Crown by 33.6% in the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after buying an additional 886,471 shares in the last quarter. Scopus Asset Management L.P. purchased a new position in Crown during the second quarter valued at approximately $47,214,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Crown by 180.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 576,394 shares of the industrial products company’s stock worth $59,357,000 after buying an additional 370,929 shares during the period. 90.93% of the stock is owned by institutional investors.

More Crown News

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Crown delivered Q2 adjusted EPS of $2.49, ahead of the $2.15 consensus, and revenue of $3.67 billion versus $3.37 billion expected, signaling stronger-than-anticipated demand and execution. Article Title
• Positive Sentiment: The company lifted FY2026 EPS guidance to $8.30-$8.50, above the Street’s $8.10 estimate, which typically boosts confidence in future earnings power. Article Title
• Positive Sentiment: Management also pointed to improving business trends, including a 5% rise in global beverage can volumes, which suggests healthy end-market demand for Crown’s packaging products. Article Title
• Neutral Sentiment: Shares had also recently benefited from a technical “golden cross,” with the 50-day moving average rising above the 200-day moving average, but the main driver today is the earnings beat and raised guidance. Article Title
• Negative Sentiment: Crown’s Q3 EPS guidance of $2.20-$2.30 came in slightly below the $2.25 consensus midpoint, which may temper some of the enthusiasm from the strong Q2 report. Article Title

Analyst Upgrades and Downgrades

CCK has been the subject of a number of analyst reports. BMO Capital Markets started coverage on Crown in a research report on Thursday. They set an “outperform” rating and a $130.00 price objective for the company. Truist Financial decreased their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft started coverage on Crown in a research report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a research report on Wednesday, July 8th. Finally, UBS Group reduced their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.07.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.