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Stock Alert: Crown Holdings Shares Hit 52-Week High

Shares of Crown Holdings Inc. (CCK) touched a 52-week high of $90.22 Tuesday morning, and are currently trading at $88.14, up $5.98 or 7.28% in the regular trading session.

The company reported Q3 net income of $214 million or $1.59 per share compared to $183 million or $1.36 per share last year. Adjusted earnings were $264 million or $1.96 per share. Revenues rose 2.9% to $3.17 billion from $3.08 billion. Analysts polled by Thomson Reuters expected earnings of $1.58 per share on revenues of $3.04 billion. Analysts' estimate typically exclude certain special items.

Looking forward, the company expects fourth-quarter earnings of $1.22 - $1.27 per share and full-year earnings of $5.65 - $5.70 per share. Analysts currently estimate earnings of $1.15 per share and $5.18 per share, for fourth quarter and full year 2020, respectively.

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