Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries. In addition, it offers aerosol cans and ends; and promotional and specialty packaging containers with various lid and closure variations. Further, the company provides industrial film and other related products; transit protection products, such as airbags, edge protectors, and honeycombs; and equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply consumables. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: crowncork.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/16/2024 | $85.00 → $90.00 | Neutral → Outperform | Robert W. Baird |
| 3/27/2024 | $100.00 → $88.00 | Buy → Hold | Truist |
| 3/18/2024 | $87.00 | Equal-Weight | Morgan Stanley |
| 3/1/2024 | $102.00 | Outperform | Wolfe Research |
| 2/7/2024 | $85.00 | Neutral → Overweight | JP Morgan |
| 1/16/2024 | $112.00 | Buy | UBS |
| 1/4/2023 | $80.00 | Outperform → Neutral | Robert W. Baird |
| 10/26/2022 | $115.00 → $71.00 | Overweight → Neutral | JP Morgan |
| 9/15/2022 | $105.00 | Neutral | UBS |
| 6/9/2022 | $150.00 → $110.00 | Overweight → Equal Weight | Wells Fargo |
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PARIS, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE:CSTM), a global leader in aluminium solutions and recycling, is proud to announce that its newly inaugurated aluminium recycling center in Neuf-Brisach, France, has achieved a major milestone by successfully qualifying its first aluminium coils with Crown Holdings, Inc. (NYSE:CCK), a global leader in metal packaging. The aluminium coils, produced mainly from post-consumer scrap, have passed rigorous qualification tests at Crown's manufacturing plants in France and Spain. Crown has approved the use of Constellium's aluminium coils in its beverage cans, marking a significant step forward in the sustainability journeys of both comp
TAMPA, Fla., Oct. 24, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable November 27, 2024, to shareholders of record as of November 14, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Fina
TAMPA, Fla., Oct. 17, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2024. Net sales in the third quarter were $3,074 million compared to $3,069 million in the third quarter of 2023 reflecting higher shipments of both global beverage cans and food cans in North America, offset by lower volumes in most other businesses and unfavorable foreign currency translation of $9 million. Income from operations was $444 million in the third quarter compared to $374 million in the third quarter of 2023. Segment income in the third quarter of 2024 was $472 million, up 10%, compared to the $430 million in the prior yea
TAMPA, Fla., Sept. 20, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the third quarter ended September 30, 2024 after the close of trading on the New York Stock Exchange on Thursday, October 17, 2024. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Friday, October 18, 2024. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on October 25, 2024. The telephone numbers for the replay are (203) 369-3268 or toll free (800) 391-9851. A live webcast o
TAMPA, Fla., Aug. 30, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) (Crown) announced that it has entered into an agreement to purchase a group annuity contract from Massachusetts Mutual Life Insurance Company (MassMutual) to fully guarantee benefits covered under the contract for nearly all of the retirees and deferred vested participants in its primary US defined benefit plans. The transaction provides a policy which covers the benefits for approximately 12,000 participants. "We are carefully moving portions of our pension obligations to MassMutual, a highly rated and experienced insurance and retirement benefits provider," said Kevin Clothier, Senior Vice President and Chief Fin
TAMPA, Fla., July 30, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that it has priced an offering of €600 million aggregate principal amount of 4.500% senior unsecured notes due 2030 issued at par by its subsidiary Crown European Holdings S.A. The notes will be unconditionally guaranteed by Crown and certain of its subsidiaries. Crown intends to use the net proceeds from the offering, together with cash on hand, to pay at maturity Crown's outstanding 2.625% senior notes due in September 2024 and to pay related fees and expenses. The notes would be issued through a private placement and resold by initial purchasers to persons reasonably believed to be qualified instit
Report details Company's collective effort to achieve goals outlined in its Twentyby30™ program TAMPA, Fla., July 29, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) (Crown) (www.crowncork.com) has released its 2023 Sustainability Report detailing the Company's global sustainability activities, including being on track to meet its Scope 3 emissions reduction goal ahead of its 2030 deadline. The goal falls under the Climate Action pillar of Crown's Twentyby30™ sustainability program. Established in 2020, the comprehensive Twentyby30™ program includes 20 measurable sustainability goals to be completed by or before the end of 2030, set against a 2019 baseline. This year's report, titled
TAMPA, Fla., July 29, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that its Board of Directors authorized the repurchase of an aggregate amount of up to $2.0 billion of Company stock through the end of 2027. The new authorization, which supersedes the previous authorization announced on December 9, 2021, reflects the Company's strong balance sheet and cash from operations, allowing investment in the business and return of cash to its shareholders. Commenting on the authorization, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "Share repurchases are an integral part of our longer-term capital allocation strategy. We will continue to rema
TAMPA, Fla., July 25, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable August 29, 2024, to shareholders of record as of August 15, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financia
TAMPA, Fla., July 22, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced its financial results for the second quarter ended June 30, 2024. Net sales in the second quarter were $3,040 million compared to $3,109 million in the second quarter of 2023 reflecting higher global beverage can shipments offset primarily by the pass through of $94 million in lower material costs and unfavorable foreign currency of $13 million. Income from operations was $379 million in the second quarter compared to $367 million in the second quarter of 2023. Segment income in the second quarter of 2024 was $437 million compared to $414 million in the prior year second quarter driven by improved re
Morgan Stanley analyst Pamela Kaufman maintains Crown Holdings (NYSE:CCK) with a Equal-Weight and raises the price target from $89 to $92.
Barclays analyst Michael Leithead maintains Crown Holdings (NYSE:CCK) with a Overweight and raises the price target from $95 to $100.
B of A Securities analyst George Staphos maintains Crown Holdings (NYSE:CCK) with a Buy and raises the price target from $98 to $102.
Wells Fargo analyst Gabe Hajde maintains Crown Holdings (NYSE:CCK) with a Equal-Weight and raises the price target from $85 to $88.
Loop Capital analyst Alton Stump maintains Crown Holdings (NYSE:CCK) with a Buy and raises the price target from $106 to $120.
Truist Securities analyst Michael Roxland maintains Crown Holdings (NYSE:CCK) with a Hold and raises the price target from $88 to $95.
The Nasdaq 100 closed lower by around 0.4% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. NVIDIA The Trade: NVIDIA Corporation (NASDAQ:NVDA) President and CEO Jen Hsun Huang sold a total of 240,000 shares a
Crown Holdings, Inc. (NYSE:CCK) shares are trading higher today after the company reported better-than-expected second-quarter adjusted EPS results yesterday and raised its FY24 EPS guidance above estimate. Net sales declined to $3.04 billion from $3.11 billion a year ago, missing the consensus of $3.06 billion. Revenue was affected by a $94 million pass-through of lower material costs and a $13 million adverse impact from foreign currency fluctuations. Adjusted EPS of $1.81, exceeding the consensus of $1.58. The company reported operating cash flow of $343 million and $178 million in adjusted free cash flow for the first half of the year. Timothy J. Donahue, Chairman, Preside
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
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Robert W. Baird upgraded Crown from Neutral to Outperform and set a new price target of $90.00 from $85.00 previously
Truist downgraded Crown from Buy to Hold and set a new price target of $88.00 from $100.00 previously
Morgan Stanley initiated coverage of Crown with a rating of Equal-Weight and set a new price target of $87.00
Wolfe Research initiated coverage of Crown with a rating of Outperform and set a new price target of $102.00
JP Morgan upgraded Crown from Neutral to Overweight and set a new price target of $85.00
UBS initiated coverage of Crown with a rating of Buy and set a new price target of $112.00
Robert W. Baird downgraded Crown from Outperform to Neutral and set a new price target of $80.00
JP Morgan downgraded Crown from Overweight to Neutral and set a new price target of $71.00 from $115.00 previously
UBS initiated coverage of Crown with a rating of Neutral and set a new price target of $105.00
Wells Fargo downgraded Crown from Overweight to Equal Weight and set a new price target of $110.00 from $150.00 previously
TAMPA, Fla., Oct. 24, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable November 27, 2024, to shareholders of record as of November 14, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Fina
TAMPA, Fla., Oct. 17, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2024. Net sales in the third quarter were $3,074 million compared to $3,069 million in the third quarter of 2023 reflecting higher shipments of both global beverage cans and food cans in North America, offset by lower volumes in most other businesses and unfavorable foreign currency translation of $9 million. Income from operations was $444 million in the third quarter compared to $374 million in the third quarter of 2023. Segment income in the third quarter of 2024 was $472 million, up 10%, compared to the $430 million in the prior yea
TAMPA, Fla., Sept. 20, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the third quarter ended September 30, 2024 after the close of trading on the New York Stock Exchange on Thursday, October 17, 2024. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Friday, October 18, 2024. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on October 25, 2024. The telephone numbers for the replay are (203) 369-3268 or toll free (800) 391-9851. A live webcast o
TAMPA, Fla., Aug. 30, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) (Crown) announced that it has entered into an agreement to purchase a group annuity contract from Massachusetts Mutual Life Insurance Company (MassMutual) to fully guarantee benefits covered under the contract for nearly all of the retirees and deferred vested participants in its primary US defined benefit plans. The transaction provides a policy which covers the benefits for approximately 12,000 participants. "We are carefully moving portions of our pension obligations to MassMutual, a highly rated and experienced insurance and retirement benefits provider," said Kevin Clothier, Senior Vice President and Chief Fin
TAMPA, Fla., July 25, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable August 29, 2024, to shareholders of record as of August 15, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financia
TAMPA, Fla., July 22, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced its financial results for the second quarter ended June 30, 2024. Net sales in the second quarter were $3,040 million compared to $3,109 million in the second quarter of 2023 reflecting higher global beverage can shipments offset primarily by the pass through of $94 million in lower material costs and unfavorable foreign currency of $13 million. Income from operations was $379 million in the second quarter compared to $367 million in the second quarter of 2023. Segment income in the second quarter of 2024 was $437 million compared to $414 million in the prior year second quarter driven by improved re
TAMPA, Fla., June 25, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the second quarter ended June 30, 2024 after the close of trading on the New York Stock Exchange on Monday, July 22, 2024. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Tuesday, July 23, 2024. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on July 30, 2024. The telephone numbers for the replay are (203) 369-3998 or toll free (800) 876-5258. A live webcast of the call will
TAMPA, Fla., May 2, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable June 27, 2024, to shareholders of record as of June 13, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financial Offic
TAMPA, Fla., April 29, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced its financial results for the first quarter ended March 31, 2024. Net sales in the first quarter were $2,784 million compared to $2,974 million in the first quarter of 2023 reflecting higher beverage can shipments in Americas and European Beverage and favorable foreign currency of $10 million, offset by the pass through of $130 million in lower material costs and lower volumes in most other businesses. Income from operations was $245 million in the first quarter compared to $269 million in the first quarter of 2023. Segment income in the first quarter of 2024 was $308 million compared to $320 millio
TAMPA, Fla., April 2, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the first quarter ended March 31, 2024 after the close of trading on the New York Stock Exchange on Monday, April 29, 2024. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Tuesday, April 30, 2024. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on May 7, 2024. The telephone numbers for the replay are (203) 369-3810 or toll free (800) 551-8152. A live webcast of the call will
Enters Into Cooperation Agreement with Icahn Enterprises Icahn to Support All Crown Nominees for Election at 2023 Annual Meeting YARDLEY, Pa., Dec. 13, 2022 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) ("Crown" or the "Company") today announced that it has entered into an agreement with Icahn Enterprises L.P., whereby Jesse Lynn and Andrew Teno, General Counsel of Icahn Enterprises and Portfolio Manager of Icahn Capital, respectively, will join the Company's Board of Directors, effective immediately. Mr. Lynn and Mr. Teno will also stand for election at the Company's upcoming 2023 Annual Meeting of Shareholders ("2023 AGM"), and Crown has agreed to include Mr. Teno and Mr. Lynn on its rec
YARDLEY, Pa., Oct. 29, 2021 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced that Ms. Christy L. Kalaus, the Company's Assistant Corporate Controller, was promoted to Vice President and Corporate Controller, effective January 1, 2022, in accordance with the Company's management succession plan. Mr. David A. Beaver, the Company's current Corporate Controller, will serve as the Company's new Vice President & Treasurer, effective January 1, 2022. "I would like to congratulate both Christy and Dave on their well-deserved promotions," said Mr. Timothy J. Donahue, the Company's Chief Executive Officer. "I believe their considerable finance and accounting expertise and deep unders
YARDLEY, Pa., Oct. 29, 2021 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced that Mr. Thomas A. Kelly, the Company's Senior Vice President and Chief Financial Officer (CFO), intends to retire in early 2022. Mr. Kevin C. Clothier, the Company's Vice President & Treasurer, will assume the role of Senior Vice President and Chief Financial Officer, effective January 1, 2022, and will be working closely with Mr. Kelly during the interim period to ensure a smooth transition. "Tom has been with the Company since 1992 and has served as the CFO since 2013. On behalf of all of Crown, I would like to express my deep gratitude to Tom for his dedication and his outstanding contributions