Streetbeat News

CXT

Crane NXT, Co.

https://www.cranenxt.com

Industry

Industrial - Machinery

Crane NXT, Co. focuses on payment and merchandising technologies. It indents to offer electronic equipment and associated software leveraging extensive, and proprietary core capabilities, including payment verification and authentication, as well as automation solutions, field service solutions, remote diagnostics, and productivity enhancing software solutions. The company is based in Stamford, Connecticut.

Open

52.63

Mkt cap

3.1B

Volume

467K

High

54.60

P/E Ratio

17.11

52-wk high

67.01

Low

52.53

Div yield

0.01

52-wk low

52.05

Crane NXT updates its FY24 guidance, raising sales growth forecasts to 5%-8% from the previous -1% to 3%, following the acquisition of OpSec Security. The EPS guidance remains unchanged at $4.10-$4.35. Adjusted segment operating margin is slightly revised to 26%-28% from the initial 27%-29%. Other financial metrics including corporate expense, non-operating expense, adjusted tax rate, and free cash flow conversion remain consistent with prior forecasts.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:36 pm

Crane NXT (NYSE:CXT) reported Q1 adjusted earnings of $0.85 per share, surpassing the consensus estimate of $0.84, and sales of $313.60M, also beating the estimate of $311.72M. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:12 pm

Crane NXT, Co. (NYSE:CXT), a leading industrial technology company, has finalized its acquisition of OpSec Security, a top provider of brand protection and authentication solutions. This strategic move aims to enhance Crane NXT's offerings in the brand protection space.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:11 am

Northland Capital Markets has initiated coverage on Crane NXT (CXT) with an Outperform rating and set a price target of $91.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:56 pm

Crane NXT (NYSE:CXT) has received updated analyst ratings, with a unanimous bullish outlook from 4 analysts in the last three months. The average 12-month price target is now $85.00, marking an 8.52% increase from the previous $78.33. This adjustment reflects positive sentiment based on Crane NXT's recent performance, including a revenue growth rate of 5.53%, a net margin of 13.87%, and an ROE of 5.39%. However, the company's debt-to-equity ratio of 0.72 indicates a higher level of debt.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:00 pm

DA Davidson analyst Matt Summerville maintains a Buy rating on Crane NXT (NYSE:CXT) and raises the price target from $80 to $100.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:40 pm

DA Davidson analyst Matt Summerville maintains a Buy rating on Crane NXT (NYSE:CXT) and keeps the price target at $80.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:52 pm

Crane NXT has announced its plan to acquire OpSec Security for $270 million in cash. This strategic move aims to enhance Crane NXT's position in the security sector by integrating OpSec Security's advanced technologies and services.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:02 am

DA Davidson analyst Matt Summerville has reiterated a Buy rating on Crane NXT (NYSE:CXT), maintaining a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:52 pm

Crane NXT forecasts its FY24 adjusted EPS to be in the range of $4.10-$4.35, which is around the current estimate of $4.33.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:50 pm

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