Is Crown Holdings, Inc. (NYSE: CCK) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Crown Holdings 2022 Sustainability Report: Water Management & Scarcity – Preserving a Precious Resource.

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Stocks Info

This NYSE-listed company operates within the Packaging & Containers industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Crown Holdings, Inc. is $9.45B. A total of 0.98 million shares were traded on the day, compared to an average of 1.26M shares.

In the most recent transaction, DONAHUE TIMOTHY J sold 7,500 shares of CCK for 90.96 per share on Jan 08 ’24. After the transaction, the President & CEO now owns 651,264 company shares. In a previous transaction on Dec 08 ’23, DONAHUE TIMOTHY J sold 7,500 shares at 88.49 per share. CCK shares that President & CEO owns now total 579,743.

Among the insiders who sold shares, Gifford Gerard H disposed of 13,535 shares on Nov 01 ’23 at a per-share price of $80.48. This resulted in the EVP & COO holding 109,864 shares of CCK after the transaction. In another insider transaction, Gifford Gerard H sold 9,784 shares at $92.24 per share on Sep 05 ’23. Company shares held by the EVP & COO now total 123,399.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Crown Holdings, Inc. pays an annual dividend of $0.72, resulting in a dividend yield of 0.92%, and it has a price to earnings (P/E) ratio of 20.80. CCK’s most recent ex-dividend date was 3/13/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 11/22/2023 with an ex-dividend date of 11/7/2023. The CCK stock dividend was $0.24 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CCK has a high of $96.35 and a low of $69.61.

As of this writing, CCK has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.01 per share and a lower estimate of $0.89.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CCK’s latest balance sheet shows that the firm has $531.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.46B in debt and $4.13B in liabilities at the time. Its Book Value Per Share was $19.98, while its Total Shareholder’s Equity was $2.33B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCK is Buy with a score of 4.50.

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