Crown Holdings, Inc. (NYSE:CCK) is expected to report third quarter earnings results, after market close, on Monday 19th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.58 per share.
Looking ahead, the full year income are expected at $ 5.18 per share on the revenues of $ 11308.60 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.50 ~ $ 1.60 per share
Full Year 2020 bottomline are predicted in a range of $ 5.10 ~ $ 5.25 per share
Click Here For More Historical Outlooks Of Crown Holdings, Inc.
Previous Quarter Performance
Crown Holdings, Inc. outlined income for the second quarter of $ 1.33 per share, from the revenue of $ 2,689.00 million. The quarterly earnings 8.90 percent compared with the same quarter last year. Wall street analysts are predicting, CCK to report 2Q20 income of $ 1.30 per share from revenue of $ 2784.05 million. The bottom line results beat street analysts by $ 0.03 or 2.31 percent, at the same time, top line results fell short of analysts by $ 95.05 million or 3.41 percent.
Stock Performance
On Friday, shares of Crown Holdings, Inc. has traded high as $ 84.34 and has cracked $ 82.85 on the downward trend, reaching $ 83.26 with volume of 1.47 million shares.
According to the previous trading day, closing price of $ 83.26, representing a 91.88 % increase from the 52 week low of $ 42.97 and a 2.24 % decrease over the 52 week high of $ 84.34.
The company has a market capital of $ 11.22 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Seaport Global Securities at Buy rating, with $ 92.00 target price.
Conference Call
Crown Holdings, Inc. will be hosting a conference call at 9:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.crowncork.com
Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
