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Crown Holdings reports Q2 profit on July 19th

Crown Holdings, Inc. (NYSE: CCK) is an American company that manufactures metal beverage and food cans, metal containers and specialty packaging. Through its subsidiaries, Crown is one of the world’s leading suppliers of rigid packaging products to consumer marketing companies, as well as transportation and protective packaging products, equipment and services for a wide range of end markets. This afternoon CCK closed at $ 100.41.

Yesterday, June 21st, Crown Holdings announced that it will publish its results for the second quarter of 2021 after close of trading on Monday, July 19th. CCK will also host a conference call on Tuesday July 20th to discuss the results. Crown Holdings hats had a clean hit in all four of its most recent earnings reports.

For the second quarter of 2020, CCK beat analyst estimates by a margin of $ 0.03 and reported earnings per share (EPS) of $ 1.33. In the third quarter of 2020, Crown Holdings earnings per share rose to $ 1.96, and CCK beat expectations by $ 0.38. For the fourth quarter of 2020, the company saw earnings decline to $ 1.50 per share, but still beat estimates by $ 0.23. For the first quarter of 2021, Crown Holdings reported earnings per share of $ 1.83, beating expectations with a margin of $ 0.44. Analysts expect the company to post slightly lower earnings per share of $ 1.77 in its upcoming earnings report.

Crown Holdings stock is up about 53% year over year and is still well above its June 2020 low of $ 61.00. Additionally, Crown Holdings stock is up 2.5% year-to-date, but CCK currently remains about 4% below its record May 7 high of $ 114.55. Crown Holdings stock also has a forward dividend of $ 0.80 and a dividend yield of 0.81%.

From a fundamental standpoint, Crown Holdings stock is a fairly reliable value stock that should generate modest returns over time. CCK trades at a decent price / earnings-ratio of 19.10. However, Crown Holdings stock has a much more attractive price-to-earnings ratio of 15.34.

After all, there seems to be a lot of room in the option pits for bulls to enter the ring. This corresponds to CCK’s 50-day put / call volume ratio of 2.08 on the International Securities Exchange (ISE), the Cboe Options Exchange (CBOE) and the NASDAQ OMX PHLX (PHLX), which is over 84% of the readings of the last 12. lies months. This suggests a much healthier appetite for long puts lately.

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