Crane (CR) Brackets Guidance Stifel Earnings Review

January 26, 2021 6:21 AM EST
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Price: $92.33 +1.22%

Rating Summary:
    14 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Stifel analyst Nathan Jones reiterated a Buy rating and $97.00 price target on Crane (NYSE: CR) after the company reported 4Q20 revenue of $726.4 million (Street Conensus was $726.5 million) and adjusted EPS of $1.00 (Street $1.10). EPS benefited by $0.05 from a lower than expected tax rate. The company also initiated 2021 EPS guidance of $4.90-$5.10 (Street $4.94) on revenue of ~$3.05 billion (Street $3.13 billion), up 2% organically. FCF is expected to be in the range of $260-$290 million.

The analyst stated "2021 guidance is light to Stifel and Street with P&M and A&E meaningfully below our model, which will be the focus of our questions tomorrow. Offsetting is primarily better margins than our model (+40bps) despite higher than expected corporate expense demonstrating continued strong cost controls. Consensus FCF is at the high end of the guide".

For an analyst ratings summary and ratings history on Crane click here. For more ratings news on Crane click here.

Shares of Crane closed at $78.59 yesterday.

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