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Does Crane (CR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Crane Company (NYSE:CR ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Jason Feldman - Vice President, Treasury & Investor Relations Allison Poliniak - Senior Vice President of Investor Relations Max Mitchell - President & Chief Executive Officer Richard Maue - Executive Vice President & Chief Financial Officer Conference Call Participants Damian Karas - UBS Megan Makini - Deutsche Bank Matt Summerville - D.A. Davidson Nicholas Lipinski - Vertical Research Justin Ages - CJS Securities Jordan Lyonnais - Bank of America Adam Farley - Stifel George Bancroft - Gabelli Funds Operator Good day, and welcome to the Crane Company Second Quarter 2024 Earnings Conference Call.
Crane (CR) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.10 per share a year ago.
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the second quarter of 2024 and updated its full-year outlook. Max Mitchell, Crane's Chairman, President and Chief Executive Officer, stated: “Our Crane team delivered 18% adjusted EPS growth in the quarter, driven by 9% core sales growth and solid core operating leverage of 40%. Our results in the quarter reflect benefits from our strategic investments in growth and commercial excellenc.
Norfolk Southern announced Tuesday a quarterly dividend of $1.35 per share on its common stock. The dividend is payable August 20, 2024, to shareholders of record on August 2, 2024.
Crane (CR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Does Crane (CR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Crane (CR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Crane (CR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Crane's strategic pivot has gotten Wall Street's attention, with strong price performance since the fall of 2023. Management is repositioning the Process Flow business toward higher-growth opportunities in markets like LNG, hydrogen, pharma, and automation, while using price and mix to drive better margins. Crane's platform-agnostic design philosophy gives it operating flexibility without compromising strong leverage to commercial and defense growth over the next decade.