Crown Holdings Inc (NYSE: CCK) has reported E.P.S. of $1.45 for its second fiscal quarter (ending June 30) versus $1.31 for the same period a year ago — an increase of 11%. However, this performance was $-0.14 short of the consensus estimate of $1.59. E.P.S. were $3.62 for the latest four quarters through June 30 versus $3.98 for the same period a year ago — a decline of -9%.
Recent Price Action
On 7/22/24, Crown Holdings Inc (NYSE: CCK) stock declined slightly by -0.2%, closing at $77.46. Moreover, trading volume in this decline was unusually high at 158% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.9% during the last week.
Current PriceTarget Research Rating
CCK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Crown Holdings has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Crown Holdings has a neutral Appreciation Score of 47 and a slightly negative Power Rating of 33, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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