Latest news with #CCK
Yahoo
22-07-2025
- Business
- Yahoo
Crown Holdings Q2 Earnings & Revenues Beat Estimates, '25 View Raised
Crown Holdings, Inc. CCK reported second-quarter 2025 adjusted earnings per share (EPS) of $2.15, beating the Zacks Consensus Estimate of $1.86. The bottom line exceeded the company's EPS guidance of $1.80-$1.90. It improved 19% year over one-time items, the company reported earnings of $1.56 per share in the quarter under review compared with $1.45 in second-quarter sales totaled $3.15 billion, up 3.6% from the year-ago quarter. The top line beat the Zacks Consensus Estimate of $3.14 billion. The upside was driven by strong performance in Americas Beverage, European Beverage and the North American Tinplate businesses. Crown Holdings, Inc. Price, Consensus and EPS Surprise Crown Holdings, Inc. price-consensus-eps-surprise-chart | Crown Holdings, Inc. Quote Crown Holdings' Q2 Margins Up Y/Y The cost of products sold rose 2.4% year over year to $2.44 billion. On a year-over-year basis, gross profit moved up 7.9% to $713 million. The gross margin improved to 22.6% from the year-ago quarter's 21.7%.Selling and administrative expenses rose 7.3% year over year to $161 million. Segmental operating income was $476 million compared with the prior-year quarter's $437 million. CCK's Segment Performances in Q2 Net sales in the Americas Beverage segment totaled $1.40 billion, up 6% year over year. Segmental operating profit increased 10.3% year over year to $268 European Beverage segment's sales rose 13.4% year over year to $635 million. Operating income was $97 million compared with the year-ago quarter's $88 Asia-Pacific segment's revenues totaled $256 million, down 11.7% year over year. Operating profit was $50 million compared with the prior-year quarter's $55 in the Transit Packaging segment totaled $526 million compared with the year-ago quarter's $555 million. Operating profit fell 1.4% year over year to $72 million. Crown Holdings' Cash Flow & Balance Sheet Updates Crown Holdings had cash and cash equivalents of $0.94 billion at the end of second-quarter 2025, down from $1.41 billion at the end of the prior-year quarter. The company generated $463 million of cash in operating activities in the first half of 2025 compared with $343 million in the year-ago comparable Holdings' long-term debt decreased to $5.62 billion as of June 30, 2025, from $5.95 billion as of June 30, 2024. CCK Raises 2025 EPS Outlook Crown Holdings expects adjusted EPS to be between $1.95 and $2.05 in the third quarter of 2025. Adjusted EPS in the third quarter of 2024 was $ by the solid performance in the first quarter and upbeat demand, the company now projects full-year adjusted EPS to be $7.10-$7.50 compared with its prior expectation of $6.70-$7.10. The midpoint of the revised guidance implies year-over-year growth of 14%.CCK expects 2025 adjusted free cash flow of $900 million. Crown Holdings Stock's Price Performance The company's shares have gained 36.8% in the past year against the industry's 12.4% decline. Image Source: Zacks Investment Research CCK's Zacks Rank Crown Holdings currently carries a Zacks Rank #3 (Hold).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Packaging Products Stocks Awaiting Results Ball Corporation BALL is scheduled to release its second-quarter 2025 results on Aug. 5. The Zacks Consensus Estimate for BALL's second-quarter 2025 earnings is pegged at 87 cents per share, suggesting year-over-year growth of 17.6%.The Zacks Consensus Estimate for Ball Corp.'s top line is pegged at $3.15 billion, suggesting growth of 6.6% from the prior-year figure. Ball Corp. has a trailing four-quarter average surprise of 4.9%.Silgan Holdings Inc. SLGN is scheduled to release its second-quarter 2025 results on July 30. The Zacks Consensus Estimate for SLGN's second-quarter 2025 earnings is pegged at $1.03 per share, suggesting year-over-year growth of 17%.The Zacks Consensus Estimate for Silgan Holdings' top line is pegged at $1.53 billion, suggesting an increase of 11.1% from the prior-year figure. Silgan Holdings has a trailing four-quarter average surprise of 2.1%.AptarGroup, Inc. ATR is scheduled to release its second-quarter 2025 results on July 31. The Zacks Consensus Estimate for AptarGroup's second-quarter 2025 earnings is pegged at $1.58 per share, suggesting year-over-year growth of 15.3%. The Zacks Consensus Estimate for the company's top line is pegged at $946.1 million, suggesting growth of 3.9% from the prior-year figure. ATR has a trailing four-quarter average surprise of 7.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Silgan Holdings Inc. (SLGN) : Free Stock Analysis Report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report AptarGroup, Inc. (ATR) : Free Stock Analysis Report Ball Corporation (BALL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Wall Street Journal
21-07-2025
- Business
- Wall Street Journal
Crown Holdings Raises Guidance, Claims Strong Performance
Crown Holdings CCK -1.39%decrease; red down pointing triangle raised its full-year guidance, with the manufacturer saying it had strong first half performance as it continues to monitor the potential impacts of tariffs. The Tampa, Fla.-based maker of aluminum cans and aerosol containers said second-quarter profit rose to $181 million, or $1.56 a share, from $174 million, or $1.45 cents a share, a year earlier.
New Straits Times
21-07-2025
- Business
- New Straits Times
Sarawak-linked stocks tipped to benefit from election-driven development boost
KUALA LUMPUR: Investor interest in Sarawak-linked stocks could pick up in the coming quarters as the state ramps up infrastructure and clean energy development ahead of its next election, which must be held by April 2027. CIMB Securities said the state's record-high RM15.8 billion budget for 2025, nearly 70 per cent of which is earmarked for development expenditure, along with its ambitious Post Covid-19 Development Strategy 2030 (PCDS 2030), could act as catalysts for related counters. "We expect renewed investor interest in Sarawak-linked names ahead of its state election," the brokerage said in a strategy note following a field trip to assess the state's growth prospects and strategic developments. Key potential beneficiaries include Gamuda Bhd, IJM Corp Bhd, Cahya Mata Sarawak Bhd (CMS), Ibraco Bhd, CCK Consolidated Holdings Bhd and Supreme Consolidated Resources Bhd. Gamuda is seen as a frontrunner to secure road contracts worth RM1 billion, while IJM is re-establishing its presence through two contracts under the Kuching Urban Transportation System (KUTS). Ibraco has expanded into water pipe and asphalt production, aligning with Sarawak's RM4 billion water grid upgrade initiative. The company's current order book stands at RM962 million, with ongoing work including the Samarahan bridge and road project, as well as the KUTS Blue Line. CIMB Securities said the scale of development spending under PCDS 2030 could create meaningful opportunities for listed companies with operations or supply chain exposure in Sarawak. CMS, one of the oldest listed companies in the state, is the sole integrated cement producer in Sarawak and recently secured a RM550 million contract to build the Borneo Convention Centre II. The company is also expanding clinker production capacity and holds road maintenance concessions covering 3,300 kilometres of state roads until 2029. CIMB noted that CMS shares are trading at a 60 per cent discount to book value, with the group backed by a net cash position of nearly RM500 million as at March 31. In the consumer space, food distributors CCK and Supreme are expected to benefit from rising disposable incomes and population growth. CCK operates 79 outlets across Sabah and Sarawak, maintains a net cash balance of RM201 million and is targeting three to four new store openings per year. Supreme is expanding its warehouse capacity in Kuching by 162 per cent and is trading at a 13 per cent discount to its net tangible asset value of RM0.27 per share. CIMB Securities said companies such as CCK and Supreme are seen as proxies to rising consumer demand in Sarawak, supported by the state's broader economic growth. Under PCDS 2030, Sarawak aims to become a developed, high-income state by 2030, with a gross domestic product target of RM282 billion, up from RM136 billion in 2019, implying an annual growth rate of around eight per cent. However, the firm noted that some large-scale projects, such as those involving green hydrogen and floating solar, may offer limited direct participation for listed local players in the near term due to high technical and capital requirements that favour foreign consortiums. Key risks to the Sarawak investment theme include external economic headwinds, funding constraints, talent shortages and increasing competition from unlisted and foreign contractors.
Yahoo
14-07-2025
- Business
- Yahoo
Crown Holdings (CCK) Earnings Expected to Grow: Should You Buy?
The market expects Crown Holdings (CCK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This packaging company is expected to post quarterly earnings of $1.86 per share in its upcoming report, which represents a year-over-year change of +2.8%. Revenues are expected to be $3.14 billion, up 3.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.51% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Crown, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.27%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Crown will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Crown would post earnings of $1.22 per share when it actually produced earnings of $1.67, delivering a surprise of +36.89%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Crown appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Here's Why Crown Holdings (CCK) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term. Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks. Headquartered at Philadelphia, PA, Crown Holdings is a leading global manufacturer of packaging products for consumer goods. Crown makes a wide variety of steel and aluminum cans for food, beverage, household, and other consumer products and metal vacuum closures, steel crowns and caps. CCK sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Containers - Metal and Glass industry's P/E of 14.7X, shares of Crown Holdings are trading at a forward P/E of 14.7X. CCK also has a PEG Ratio of 1.8, a Price/Cash Flow ratio of 10.3X, and a Price/Sales ratio of 1X. Many value investors pay close attention to a company's earnings as well. For CCK, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.35 to $7.1 per share for 2025. CCK boasts an average earnings surprise of 16.3%. CCK should be on investors' short list because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
