Crane NXT Beats Q2 Estimates, Raises Full-Year EPS Outlook
CXT sits 47% above its 52-week low of $35.705.
Summary
Crane NXT delivered a strong Q2, with adjusted EPS of $1.10 beating the $1.04 consensus and revenue of $493M slightly ahead of estimates. The company raised its full-year adjusted EPS guidance to $4.22-$4.42, up from $4.10-$4.40, while maintaining 15-17% sales growth and targeting ~24% adjusted EBITDA margin. Results were driven by sustained currency demand, cost savings in authentication, and the Antares Vision acquisition. This follows a Q1 where net income dropped sharply on deal costs, making the Q2 beat and guidance raise a positive inflection. The stock trades at 12x forward earnings, with a $65.44 median target implying further upside.
At the time of this announcement, CXT was trading at $52.37 on NYSE in the Technology sector, with a market capitalization of approximately $3B. The 52-week trading range was $35.71 to $69.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.