Back to top

Image: Bigstock

Crown Holdings Inc.

Read MoreHide Full Article

Crown Holdings’ top-line and bottom-line in first-quarter 2017 both improved on a year-over-year basis and also beat the respective Zacks Consensus Estimates. Adjusted diluted earnings per share for the second quarter are projected in the range of $1.05–$1.15 and for 2017 is expected to be in the range of $3.80–$4.00. On a year over year basis, the mid point of the guidance range reflects an 8% and 1% drop for the second quarter and 2017 respcectively. The stock has underperformed the Zacks categorized sub industry in the past one year. Weak global food and aerosol can volumes, mature NA food can, closure markets, pricing pressure in China and stiff competition remain the primary headwinds for Crown Holdings. Nevertheless, it will benefit from ongoing investments in the company’s global beverage operations, potential strategic acquisitions in geographic areas and product lines.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Crown Holdings, Inc. (CCK) - free report >>

Published in