Crane NXT Q2 Adjusted EPS beats estimates, raises outlook
Crane NXT Q2 Adjusted EPS beats estimates, raises outlook
Overview
Authentication tech firm's Q2 revenue grew 22% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations; company raised full-year adjusted EPS guidance
Company attributed results to strong demand, cost savings, and acquisition sales benefit
Outlook
Crane NXT raises full-year 2026 adjusted EPS guidance to $4.22-$4.42 from $4.10-$4.40
Company maintains full-year sales growth guidance at +15% to +17%
Company expects adjusted EBITDA margin of ~24% for full-year 2026
Result Drivers
CURRENCY DEMAND - Co said continued strong demand in Currency business supported Q2 sales
COST SAVINGS - Cost saving actions in Crane Authentication segment contributed to profitability
ACQUISITION SALES BENEFIT - Sales benefit from acquisitions, including Antares Vision integration, helped drive growth
Company press release: ID:nGNX3cwzLm
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Beat* | $493 mln | $489.17 mln (6 Analysts) |
Q2 Adjusted EPS | Beat | $1.10 | $1.04 (6 Analysts) |
Q2 EPS |
| $0.61 |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Crane NXT, Co. is $65.44, about 19.7% above its August 4 closing price of $54.68
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)