Crane currently carries a Zacks Rank #3 (Hold). Its market capitalization is approximately $5.4 billion.
The company's financial performance was better than expected in the last four quarters, with an average positive earnings surprise of 3.40%. The stock's Zacks Consensus Estimate is currently pegged at $5.00 for 2018, representing growth of 1 cent from the tally 60 days ago.
Apr 8, 2015 - In a note to clients, Citi's Timothy Thein writes that after a recent round of checks with industry leaders, the crane market is rocking as construction picks. Wave of downstream/industrial projects (heavy users of high capacity cranes) will go ahead, though obviously sustained lower oil prices put the next big. In this Tac Shack video, we’ll look at how to install a crane stock battery into your AEG. I’ve included some helpful tips to make it a lot easier and get you up. Real time Crane (CR) stock price quote, stock graph, news & analysis. More How To Install Crane Stock Quote videos.
Also, market sentiments have been positive with the stock yielding 13.1% return in the last three months. This gain is above 0.3% decline of the it belongs to. Below we briefly discuss the company's potential growth drivers and possible headwinds. Factors Favoring Crane Business Diversification a Boon: Crane serves customers in various end markets like aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Such diversification prevents the company from losses in the event of loss of business from any particular customer. Furthermore, international diversity has played a major role in Crane's profitability over time.
The company primarily operates in North America, South America, Europe, the Middle East, Asia and Australia. The company businesses are carried out through four reportable segments - Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials.
Sealmaster Bearing Cad Files here. The company anticipates increase in demand for productivity solutions in Payment & Merchandising Technologies segment, high growth programs in Aerospace & Electronics, recovering of orders in Fluid Handling and strengthening of end markets in Engineered Materials in the long run. Average organic growth will be at least 2-4% for Fluid Handling, 3-5% for Payment & Merchandising Technologies, 3-5% for Aerospace & Electronics, and equal to GDP growth for Engineered Materials. Inorganic Initiatives Drive Growth Opportunities: Acquired assets have over time helped Crane leverage benefits from easy penetration into unexplored markets and expanded product offerings. In this regard, the acquisition of Westlock Controls - specializing in manufacturing and distribution of switchboxes, position transmitters and other solutions for use in networking, monitoring and controlling process valves - in May is worth mentioning. In addition, in December, it agreed to acquire Crane Currency, which designs and manufactures secure and highly-engineered banknotes as well as engages in substrates manufacturing and providing advanced micro-optic security technology to its customers. This buyout, when completed, will strengthen the company's foothold in the currency and payments market as well as add roughly 15 cents to earnings per share in the first year post completion. This accretion is projected to increase to $1 by 2021.