Crane NXT (NYSE:CXT) Releases FY 2025 Earnings Guidance

by · The Cerbat Gem

Crane NXT (NYSE:CXT – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.000-4.100 for the period, compared to the consensus estimate of 4.090. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion.

Crane NXT Stock Up 1.6%

Shares of CXT traded up $1.02 during mid-day trading on Wednesday, reaching $64.15. The company’s stock had a trading volume of 554,768 shares, compared to its average volume of 429,233. The business has a fifty day moving average of $63.54 and a 200 day moving average of $58.10. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 24.48 and a beta of 1.36. Crane NXT has a 1 year low of $41.54 and a 1 year high of $69.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.

Crane NXT (NYSE:CXT – Get Free Report) last released its earnings results on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. The company had revenue of $871.50 million during the quarter. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%. As a group, analysts forecast that Crane NXT will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CXT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research note on Tuesday, September 23rd. Finally, Oppenheimer upped their price target on shares of Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $75.00.

Read Our Latest Analysis on CXT

Institutional Investors Weigh In On Crane NXT

Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in shares of Crane NXT by 0.6% in the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock valued at $2,423,000 after acquiring an additional 271 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after acquiring an additional 391 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Crane NXT by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 22,868 shares of the company’s stock valued at $1,233,000 after acquiring an additional 445 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after acquiring an additional 612 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Crane NXT by 0.9% in the second quarter. California Public Employees Retirement System now owns 78,097 shares of the company’s stock valued at $4,209,000 after acquiring an additional 662 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Company Profile

(Get Free Report)

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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