As per Crane Company (NYSE:CR)’s news release on 2016-07-26, its shareholders will get cash dividend of $0.33 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-31 and 2016-09-09, respectively.
The stock will commence trading ex-dividend from 2016-08-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Crane Company (NYSE:CR) disbursed $0.33 in dividend compared to distribution of $0.33, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 4.7619%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Crane Company (NYSE:CR) to attain a price target of $64.5. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $72. The low price range is set at $57 for next year while the arithmetic mean is seen at 2.3.
Eyeing Earnings Crane Company (NYSE:CR) is likely to post quarterly numbers around 2016-10-24 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.01 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Crane Company (NYSE:CR) earnings came at $1.21 suggesting a deviation of $0.19. The brokerages targeted EPS of $1.02 for the quarter.
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