Crane NXT Co reports results for the quarter ended June 30 - Earnings Summary

• Crane NXT Co CXT.N reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of seven analysts for the quarter was for earnings of 95 cents per share. Wall Street expected results to range from 88 cents to $1.00 per share.

• Revenue rose 9.1% to $404.40 million from a year ago; analysts expected $410.44 million.

• Crane NXT Co's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $24.9 million.

• Crane NXT Co shares had risen by 6.3% this quarter and lost 1.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Crane NXT Co is $81.00, about 30.4% above its last closing price of $56.37

This summary was machine generated from LSEG data August 6 at 11:29 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)