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.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Financial Market News and is owned by of Financial Market News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at

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.

5 Day Chart for NYSE:CCK

Receive News & Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related companies with's FREE daily email newsletter.