Crown Crafts, Inc. (NASDAQ:CRWS) is reporting second quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CRWS is expected to report 2Q21 income of $ 0.17 per share from revenue of $ 18.70 million.
For the full year, analysts anticipate top line of $ 73.80 million, while looking forward to income of $ 0.63 per share bottom line.
Previous Quarter Performance
Crown Crafts, Inc. outlined income for the first quarter of $ 0.12 per share, from the revenue of $ 16.20 million. The quarterly earnings boosted 9.09 percent while revenues up 3.78 percent compared with the same quarter last year.
According to street consensus, CRWS was expected to report 1Q21 income of $ 0.08 per share from revenue of $ 15.60 million. The bottom line results beat street analysts by $ 0.04 or 50.00 percent, at the same time, top line results outshined analysts by $ 0.60 million or 3.85 percent.
Stock Performance
Shares of Crown Crafts, Inc. traded up $ 0.15 or 2.56 percent on Monday, reaching $ 6.00 with volume of 25.80 thousand shares. Crown Crafts, Inc. has traded high as $ 6.00 and has cracked $ 5.85 on the downward trend
According to the previous trading day, closing price of $ 6.00, representing a 41.65 % increase from the 52 week low of $ 4.13 and a 26.32 % decrease over the 52 week high of $ 7.94.
The company has a market capital of $ 61.12 million and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.08 per share on August 12, 2020. The dividend were payable on October 2, 2020 to holders of record as of the close of business on September 11, 2020 and ex-dividend date on September 10, 2020.
Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods. The company sells its products primarily to mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, Internet accounts, and wholesale clubs through a network of sales force and independent commissioned sales representatives.
