News Buzz: Crane Co. (NYSE: CR)

STAMFORD, Conn., July 2, 2019 – Shares of Crane Co. (NYSE: CR) showed the bullish trend with a higher momentum of 0.24% to $83.94. The company traded total volume of 29.744K shares as contrast to its average volume of 276.22K shares. The company has a market value of $4.91B and about 58.65M shares outstanding.

Crane Co. (CR) stated first-quarter net income of $82.40M.

First quarter 2019 sales were $832.0M, a boost of 4% contrast to the first quarter of 2018. The sales increase was comprised of $46.0M, or 6%, from core growth and a $7.0M, or 1%, benefit from net acquisitions, partially offset by $20.0M, or 3%, of unfavorable foreign exchange.

First quarter 2019 operating profit was $114.0M, a boost of 21% contrast to $94.0M in the first quarter of 2018. Operating profit margin of 13.7% contrasts to 11.8% last year. Excluding Special Items, first quarter 2019 operating profit was $120.0M, a boost of 12% contrast to $107.0M in the first quarter of 2018. Excluding Special Items, operating profit margin of 14.4% contrast to 13.4% last year.

The Company offered net profit margin of 10.30% while its gross profit margin was 36.00%. ROE was recorded as 23.00% while beta factor was 1.36. The stock, as of recent close, has shown the weekly upbeat performance of 3.88% which was maintained at 16.02% in this year.

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