Crown Holdings: Low Growth Prospects Keep Me On The Sidelines [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
7min Summary Crown Holdings' Americas beverage segment is expected to thrive, but softening demand in other segments should offset these benefits, justifying a hold rating. Q3 FY2024 net sales rose 0.16% YoY, driven by beverage cans, but transit packaging sales declined due to weak global manufacturing conditions. Improved operational efficiency should boost margins, but higher input costs and challenges in passing them on to customers should negatively impact net profit margins. Trading at a slightly above 5-year average P/E ratio, investors should wait for a better entry point, despite the discount to sector median P/E. Pgiam/iStock via Getty Images Investment Thesis Crown Holdings, Inc. ( NYSE: CCK ) is expected to continue to benefit from the Americas beverage segment. However, the softening demand for its other businesses should offset these benefits. On the margin front, CCK should gain from its manufacturing This article was written by BI Insights Followe
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News
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- Beverage Metal Can Market Set to Reach USD 45.9 Billion by 2034, Driven by Rising Consumer Demand for Portable, Sustainable, and Convenient Packaging Solutions | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- CROWN HOLDINGS, INC. TO RECEIVE PROCEEDS FROM CLOSING OF EVIOSYS SALE TO SONOCO PRODUCTS COMPANYPR Newswire
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CCK
Earnings
- 10/17/24 - Beat
CCK
Sec Filings
- 12/9/24 - Form 4
- 11/26/24 - Form 8-K
- 11/12/24 - Form SC
- CCK's page on the SEC website