Crown Holdings Is Trading At Its 52-Week Low: An Opportunity Or A Trap? [Seeking Alpha]
Crown Holdings, Inc. (CCK)
Last crown holdings, inc. earnings: 4/20 04:30 pm
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US:NYSE Investor Relations:
crowncork.com/investors
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Source: Seeking Alpha
IltonRogerio/iStock via Getty ImagesIntroductionThe beverage can industry has been performing exceptionally bad in the past three months, and Crown Holdings (NYSE:CCKis now trading in the mid-nineties. I remain bullish on the entire sector as the demand is likely here to stay and, in this article, I will explain my thesis.Data by YChartsIt’s All About The Cash FlowFirst of all, I wanted to dig deeper in how Crown Holdings was actually performing before diving into the sector issues. The company’s total revenue in the first quarter of this yearincreased from less than $2.6B to in excess of $3.1BCrown Holdings Investor RelationsThis also means Crown’s margins didn’t necessarily increase, as the COGS obviously also increased. Fortunately, pretty much every single other operating expense remained stable (or increased by a more moderate percentage) and this has helped Crown to show a 5.5% increase in the operating income, which increased to $344M. That’s perhaps slightly disappointing cons
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News
- Analysts Estimate Crown Holdings (CCK) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Strapping Equipment Market are Growing Due to Use of Robots and Automation Anticipated to Reach at a US$ 2.2 Billion Valuation by 2034 | Future Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- Crown Holdings Celebrates World Water Day [Yahoo! Finance]Yahoo! Finance
- Crown Holdings, Inc. (NYSE: CCK) was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating. They now have a $90.00 price target on the stock, up previously from $85.00.MarketBeat
- Strapping Machine Market Size Poised for Robust Growth to Reach Beyond US$7 Billion in 2030 [Yahoo! Finance]Yahoo! Finance
CCK
Earnings
- 2/5/24 - Miss
CCK
Sec Filings
- 3/25/24 - Form ARS
- 3/25/24 - Form DEF
- 3/12/24 - Form PRE
- CCK's page on the SEC website