Crawford & Company (NYSE:CRD.B) Announces Earnings Results, Misses Expectations By $0.02 EPS
Crawford & Company (NYSE:CRD.B) reported quarterly earnings of $0.22 per share, missing estimates of $0.24 by $0.02. The company has a return on equity of 27.77% and a net margin of 2.25%. Additionally, Crawford announced a dividend increase to $0.075 per share, up from $0.07, with a yield of 3.2%. The stock traded at $9.37, with a market cap of $463.10 million. Insider selling was noted, with 51.04% of shares owned by insiders.
Crawford & Company (NYSE:CRD.B - Get Free Report) released its earnings results on Monday. The business services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02), Zacks reports. Crawford & Company had a return on equity of 27.77% and a net margin of 2.25%.
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Crawford & Company Stock Performance
NYSE:CRD.B traded up $0.05 during trading hours on Monday, reaching $9.37. 1,331 shares of the company's stock were exchanged, compared to its average volume of 5,650. The company has a 50-day moving average of $10.15 and a 200 day moving average of $10.71. Crawford & Company has a 1-year low of $8.29 and a 1-year high of $12.50. The firm has a market capitalization of $463.10 million, a price-to-earnings ratio of 15.61 and a beta of 0.79. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.29.
Crawford & Company Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.075 dividend. This is a boost from Crawford & Company's previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 15th. Crawford & Company's payout ratio is currently 46.67%.
Insider Buying and Selling at Crawford & Company
In other Crawford & Company news, SVP Tami E. Stevenson sold 4,900 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $10.21, for a total value of $50,029.00. Following the transaction, the senior vice president directly owned 26,282 shares in the company, valued at approximately $268,339.22. This represents a 15.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 51.04% of the stock is currently owned by company insiders.
About Crawford & Company
(Get Free Report)Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.
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