Crown Holdings, Inc. (NYSE:CCK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.80-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.92. Crown Holdings also updated its Q2 guidance to $1.05-1.15 EPS.

Shares of Crown Holdings, Inc. (NYSE:CCK) opened at 54.75 on Friday. The firm has a market capitalization of $7.58 billion, a PE ratio of 15.38 and a beta of 1.35. The company’s 50-day moving average is $53.35 and its 200 day moving average is $53.74. Crown Holdings, Inc. has a 52-week low of $48.04 and a 52-week high of $57.49.

Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. Crown Holdings had a return on equity of 83.94% and a net margin of 5.99%. The business earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Equities analysts expect that Crown Holdings, Inc. will post $3.92 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CCK. Jefferies Group LLC reaffirmed a buy rating and set a $62.00 target price on shares of Crown Holdings in a research note on Wednesday, April 12th. Credit Suisse Group AG set a $60.00 target price on Crown Holdings and gave the company a hold rating in a research note on Saturday, February 4th. Vertical Research raised Crown Holdings from a hold rating to a buy rating and set a $60.00 target price for the company in a research note on Monday, February 6th. Zacks Investment Research cut Crown Holdings from a hold rating to a sell rating in a research note on Wednesday, January 4th. Finally, Citigroup Inc reaffirmed a buy rating and set a $63.00 target price (up previously from $62.00) on shares of Crown Holdings in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $61.78.

In related news, insider Thomas A. Kelly sold 40,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $53.18, for a total value of $2,127,200.00. Following the completion of the transaction, the insider now owns 115,256 shares in the company, valued at approximately $6,129,314.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

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About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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