Analysts expect that Crawford & Company (NYSE:CRD.B) will post $267.93 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Crawford & Company’s earnings, with the lowest sales estimate coming in at $263.43 million and the highest estimate coming in at $275.46 million. Crawford & Company reported sales of $279.04 million in the same quarter last year, which would suggest a negative year over year growth rate of 4%. The company is scheduled to issue its next quarterly earnings results on Monday, August 5th.
According to Zacks, analysts expect that Crawford & Company will report full-year sales of $1.05 billion for the current year, with estimates ranging from $1.04 billion to $1.06 billion. For the next year, analysts anticipate that the firm will report sales of $1.08 billion, with estimates ranging from $1.07 billion to $1.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Crawford & Company.
Crawford & Company (NYSE:CRD.B) last released its earnings results on Monday, May 6th. The business services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). The company had revenue of $247.06 million during the quarter, compared to analysts’ expectations of $269.43 million. Crawford & Company had a net margin of 2.16% and a return on equity of 23.96%.
Several equities research analysts have weighed in on CRD.B shares. ValuEngine cut shares of Crawford & Company from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Zacks Investment Research raised shares of Crawford & Company from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Raymond James lowered shares of Crawford & Company from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th.
CRD.B stock opened at $8.85 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.34 and a current ratio of 1.34. Crawford & Company has a 52 week low of $8.00 and a 52 week high of $10.56. The firm’s fifty day simple moving average is $8.72. The company has a market cap of $470.37 million, a price-to-earnings ratio of 11.20 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Wednesday, May 22nd. Crawford & Company’s dividend payout ratio (DPR) is 25.32%.
About Crawford & Company
Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses.
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