For its first fiscal quarter (ending March 31), Crown Holdings Inc (NYSE: CCK) has reported a -35% decline in E.P.S. from $0.86 a year ago to $0.56 in the current quarter. This performance was $-0.77 short of the consensus estimate of $1.33. E.P.S. were $3.47 for the latest four quarters through March 31 versus $5.11 for the same period a year ago — a decline of -32%.
Recent Price Action
Crown Holdings Inc (NYSE: CCK) stock rose modestly by 0.6% on 4/29/24. The stock closed at $81.09. Moreover, unusually high trading volume at 176% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 4.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CCK is expected to continue to be a major Value Builder.
Crown Holdings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Crown Holdings has a neutral Appreciation Score of 43 but a poor Power Rating of 26, producing the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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