Crane Likely to Report In-Line Q3 Results, Oppenheimer Says

MT Newswires Live10-16

Crane NXT (CXT) is expected to report in-line Q3 results when the industrial technology company reports its earnings on Nov. 5, Oppenheimer said in a Wednesday note.

For Q3, the Security and Authentication Technologies segment should post double-digit percentage growth on contribution from international currency and Crane Authentication, the report said.

The note said revenue from Crane Payment Innovations segment should improve sequentially thanks to a gaming rebound.

Oppenheimer further said that its outlook for 2026 has improved "meaningfully" on the back of major currency orders. For 2026, Oppenheimer estimated revenue growth of 7% to $1.7 billion.

Oppenheimer raised its price target to $80 from $70 while keeping its outperform rating.

Price: 67.24, Change: +0.34, Percent Change: +0.52

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