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Crane: 2.2% Yield, Double Digit EPS Growth Potential
Crane Co. () recently delivered a seventh uninterrupted certain gain warn on 18% sales expansion and an expanding operating margin. Analysts lifted their estimates following clever third entertain results, promulgation a batch to a Zacks #2 Rank (Buy).
Based on accord estimates, analysts plan 31% EPS growth for Crane this year and 14% expansion subsequent year. On tip of this, a association pays a pision that yields 2.2%.
Crane manufactures rarely engineered industrial products for a aerospace, electronics, hydrocarbon processing, petrochemical, chemical, energy generation, programmed merchandising, travel and other markets.
Crane has 5 business segments: liquid doing (46% of sales), aerospace & wiring (26%), merchandising systems (15%), engineered materials (8%) and controls (5%). The association was founded in 1855 and has a marketplace tip of $2.7 billion.
Third Quarter Results
Crane reported softened than approaching formula for a third entertain of 2011. Earnings per share came in during 89 cents, violence a Zacks Consensus Estimate by a penny. It was a stellar 27% boost over a same entertain in 2010.