Crawford & Co Q2 Revenue Dips on Lower US Property Claims, But EPS Surges 73%
CRDA sits 31% above its 52-week low of $8.63.
Summary
Crawford & Company reported Q2 revenue slightly down year-over-year, pressured by fewer US property claims, but adjusted EPS jumped 73% to $0.27, driven by strong international weather-related claims and Broadspire performance. The company raised its quarterly dividend to $0.08 per share and repurchased shares, signaling confidence despite the top-line softness. No forward guidance was provided. The stock trades at 10x forward earnings, with a median analyst target of $13.50, implying significant upside from the recent $10.07 close.
At the time of this announcement, CRDA was trading at $11.32 on NYSE in the Finance sector, with a market capitalization of approximately $535.2M. The 52-week trading range was $8.63 to $12.12. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.