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, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.35 per share payable November 19, 2026, to shareholders of record as of November 5, 2026.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida.  Learn more at www.crowncork.com.

For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281, or
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

SOURCE Crown Holdings, Inc.

Crown Holdings (CCK - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Crown basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Crown, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for CrownFor the fiscal year ending December 2026, this packaging company is expected to earn $8.41 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Crown. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.2%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Crown to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

HOUSTON, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the third quarter ended September 30, 2026, and updated its full year 2026 Outlook, as reflected in the table below.

Crown Holdings remains a Hold as strong beverage can volume growth has not translated into higher profits or segment income. Most reported revenue growth stems from passing higher costs to customers, with segment margins compressed to about 13%. European recycling regulations and expansion offer long-term potential, but recent regional profits are flat and capital expenditures are rising.

On its third-quarter 2026 earnings call, held on Oct. 20, 2026, Crown Holdings (CCK -3.33%) reported that global beverage can shipments increased more than 6% as volume gains offset higher raw material costs. The company generates consistent cash flow from essential consumer packaging, which gives it stability during economic downturns. Three key takeaways from management stand out for long-term investors.

1. Automatic Contract Terms Will Recoup Elevated Middle East InflationHeadwinds from the Middle East conflict squeezed quarterly segment income, which measures operating profit across individual business units, by approximately $17 million. Automatic contractual recovery formulas allow the business to pass those accumulated nonmetal cost increases along to customers starting in 2027.

Energy, industrial gases, freight, among other costs, all remain elevated from pre-conflict levels, and as many of you are aware, the contractual recovery of these and other nonmetal costs will occur in 2027 via a look-back formula.
-- Timothy J. Donahue, Chairman, President, and Chief Executive Officer2. High Demand Is Pushing North American Plants to CapacityBeverage can volumes expanded 6% in North America during the third quarter. Sustained consumer preference for infinitely recyclable aluminum over plastic is driving manufacturing facilities toward maximum production output across the region.

I hesitate to say this, but it feels like we are going to be full next year in North America. You know, the upshot of that is that we will not have a lot of spare capacity.
-- Timothy J. Donahue, Chairman, President, and Chief Executive OfficerManagement returned more than $700 million to shareholders through dividends and share repurchases in the first nine months of 2026, while maintaining a net leverage ratio of approximately 2.5x, which measures total net debt relative to earnings. Heavy consolidation makes large acquisitions unlikely, so share buybacks remain the primary destination for excess free cash flow, which represents remaining cash from operations after capital expenditures.

In the absence of something that we believe returns more value to shareholders, we are gonna continue to buy back our shares.
-- Timothy J. Donahue, Chairman, President, and Chief Executive OfficerLooking AheadGlobal beverage can shipments are accelerating across major international markets, and leadership isn't hiding its satisfaction with the expansion.

Our equipment business, the order book, is really firm. And it is not just a North America or European thing. It is a global growth spurt right now [that] we are experiencing across beverage cans.
-- Timothy J. Donahue, Chairman, President, and Chief Executive OfficerLong-term customer contracts, broad geographical presence, and internal equipment manufacturing give the company operational stability. Management is watching pricing discipline and input cost inflation as annual contract repricing approaches.

I think, not just for Crown, but for all can makers, I think we are entering a world over the next couple of years where we are going to see very strong demand.
-- Timothy J. Donahue, Chairman, President, and Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Crown Holdings (CCK - Free Report) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +6.22%. A quarter ago, it was expected that this packaging company would post earnings of $2.15 per share when it actually produced earnings of $2.49, delivering a surprise of +15.81%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Crown, which belongs to the Zacks Containers - Metal and Glass industry, posted revenues of $3.71 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 9.54%. This compares to year-ago revenues of $3.2 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Crown shares have added about 10.9% since the beginning of the year versus the S&P 500's gain of 11.9%.

What's Next for Crown?While Crown has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Crown was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.79 on $3.29 billion in revenues for the coming quarter and $8.39 on $13.6 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Containers - Metal and Glass is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Silgan Holdings (SLGN - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.

This packaging products supplier is expected to post quarterly earnings of $1.25 per share in its upcoming report, which represents a year-over-year change of +2.5%. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level.

Silgan Holdings' revenues are expected to be $2.08 billion, up 3.4% from the year-ago quarter.

, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2026.

Highlights

Third Quarter

Diluted earnings per share of $2.08 versus $1.85 in 2025 Adjusted diluted earnings per share increased 7% to $2.39 compared to $2.24 in 2025 Global beverage can volumes increased 6% Net leverage ratio of 2.5x adjusted EBITDA 2026 Outlook

Full year guidance range for adjusted diluted earnings per share is $8.35 to $8.45 with adjusted free cash flow of at least $950 million Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company performed well during the third quarter, continuing its pace for another exceptional year in 2026.  Robust global beverage can volumes helped offset the majority of rising input cost pressures.  Global beverage can shipments advanced by more than 6% in the quarter, driven by double-digit gains in Asia, a 6% increase in North America and 4% growth across Europe.

"The outlook for continued long-term growth of beverage can demand remains robust as customers and consumers increasingly recognize aluminum cans as the most sustainable and responsible packaging choice.  Cans continue to be the preferred format for brands across both alcoholic and non-alcoholic beverage categories, including many new product introductions worldwide.  Previously announced capacity expansion projects in Brazil, Greece and Spain are on plan and will support continued customer needs.  During September, groundbreaking commenced on the construction of a beverage can plant in the northern Indian state of Uttar Pradesh, marking Crown's entry into one of the world's fastest growing beverage markets with commercial start-up expected in the first quarter of 2028.  

"During the quarter, the Company repurchased $81 million of its common stock and has acquired nearly 6% of its outstanding shares over the past twelve months.  We remain confident in the Company's long-term prospects and in our ability to generate significant free cash flow.   We remain steadfast in our approach to balanced capital allocation, with investment in attractive organic growth opportunities and returns to shareholders supported by our strong balance sheet."

Net sales in the third quarter were $3,711 million compared to $3,202 million in the third quarter of 2025 reflecting higher global beverage can shipments and the pass-through of $405 million in higher material costs.

Income from operations was $442 million in the third quarter of 2026 compared to $423 million in the third quarter of 2025. Segment income in the third quarter of 2026 was $484 million compared to $490 million in the prior year third quarter, as the contribution from higher global beverage can shipments was offset by input cost inflation.

Net income attributable to Crown Holdings in the third quarter of 2026 was $225 million compared to $214 million in the third quarter of 2025. Reported diluted earnings per share were $2.08 in the third quarter of 2026 compared to $1.85 in 2025 and adjusted diluted earnings per share were $2.39 compared to $2.24 in 2025.   

Nine Month Results
Net sales for the first nine months of 2026 were $10,638 million compared to $9,238 million in the first nine months of 2025, reflecting the pass-through of $1,034 million in higher material costs, higher global beverage can shipments and favorable foreign currency translation of $102.

Income from operations was $1,271 million in the first nine months of 2026 compared to $1,179 million in the first nine months of 2025. Segment income in the first nine months of 2026 was $1,390 million compared to $1,364 million in the prior year period driven by 6% higher global beverage can shipments partially offset by input cost inflation.

Net income attributable to Crown Holdings in the first nine months of 2026 was $645 million compared to $588 million in the first nine months of 2025. Reported diluted earnings per share were $5.85 compared to $5.06 in 2025.  Adjusted diluted earnings per share were $6.72 compared to $6.05 in 2025.

Outlook
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, commented, "With our strong year-to-date performance and continued cash generation, Crown is on track to deliver another year of solid earnings and free cash flow.  We expect full year adjusted diluted earnings per share to be in the range of $8.35 to $8.45 and adjusted free cash flow to be at least $950 million after capital spending of approximately $550 million.  We expect fourth quarter adjusted diluted earnings per share to be in the range of $1.63 to $1.73.  With our strong balance sheet and net leverage of 2.5 times, we remain well positioned to invest in attractive organic growth opportunities and return capital to shareholders."

Non-GAAP Measures
Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures).  Non-GAAP measures should not be considered in isolation or as a substitute for income from operations, cash flow, leverage ratio, net income, effective tax rates, diluted earnings per share or interest expense and interest income prepared in accordance with U.S. GAAP and may not be comparable to calculations of similarly titled measures by other companies.

The Company views segment income as the principal measure of the performance of its operations and adjusted free cash flow and adjusted net leverage ratio as the principal measures of its liquidity.  The Company considers all of these measures in the allocation of resources.  Adjusted free cash flow has certain limitations, however, including that it does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure.  The amount of mandatory versus discretionary expenditures can vary significantly between periods.  The Company believes that adjusted free cash flow and adjusted net leverage ratio provide meaningful measures of liquidity and a useful basis for assessing the Company's ability to fund its activities, including the financing of acquisitions, debt repayments, share repurchases or dividends.  The Company believes that adjusted net income, segment income, the adjusted effective tax rate and adjusted diluted earnings per share are useful in evaluating the Company's operations as these measures are adjusted for items that affect comparability between periods.  Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are derived from the Company's Consolidated Statements of Operations, Cash Flows and Consolidated Balance Sheets, as applicable, and reconciliations to segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share and adjusted EBITDA can be found within this release.  Reconciliations of estimated adjusted diluted earnings per share, adjusted free cash flow, the adjusted effective tax rates and adjusted net leverage ratio for the fourth quarter and full year of 2026 to estimated diluted earnings per share, operating cash flow, the effective tax rate and income from operations on a GAAP basis are not provided in this release due to the unavailability of estimates of the following, the timing and magnitude of which the Company is unable to reliably forecast without unreasonable efforts, which are excluded from estimated adjusted diluted earnings per share, the adjusted effective tax rates and adjusted net leverage ratio, and could have a significant impact on earnings per share, the effective tax rate and income from operations on a GAAP basis: gains or losses on the sale of businesses or other assets, restructuring and other costs, asset impairment charges, asbestos-related charges, losses from early extinguishment of debt, pension settlement and curtailment charges, the tax and noncontrolling interest impact of the items above, and the impact of tax law changes or other tax matters.

Conference Call
The Company will hold a conference call tomorrow, October 20, 2026, at 9:00 a.m. (EDT) to discuss this news release.  Forward-looking and other material information may be discussed on the conference call.  The dial-in numbers for the conference call are 630-395-0194 or toll-free 888-324-8108 and the access password is "packaging."  A live webcast of the call will be made available to the public on the internet at the Company's website, www.crowncork.com.  A replay of the conference call will be available for a one-week period ending at midnight on October 27, 2026.  The telephone numbers for the replay are 203-369-0896 or toll free 866-427-6407.

Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements.  These forward-looking statements involve a number of risks, uncertainties and other factors, including expected levels of capital expenditures, free cash flow and earnings; the Company's ability to continue to operate its plants, distribute its products, and  maintain its supply chain, including any impact of the ongoing Middle East conflict; the Company's ability to complete the projects in Brazil, Greece, Spain and Northern India; the future impact of currency translation; the continuation of performance and market trends in 2026, including consumer preference for beverage cans and global beverage can demand; the future impact of inflation, including the potential for higher interest rates and energy and transportation prices and the Company's ability to recover raw material and other inflationary costs, including tariffs and retaliatory trade measures; future demand for food cans; the Company's ability to deliver continuous operational improvement and future demand in the Transit Packaging segment that may cause actual results to be materially different from those expressed or implied in the forward-looking statements.  Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2025 and in subsequent filings made prior to or after the date hereof.  The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida.

For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

Unaudited Consolidated Statements of Operations, Balance Sheets, Statements of Cash Flows, Segment Information and Supplemental Data follow.

Consolidated Statements of Operations (Unaudited)

(in millions, except share and per share data)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Net sales

$        3,711

$        3,202

$      10,638

$        9,238

Cost of products sold

2,987

2,478

8,522

7,176

Depreciation and amortization

115

116

349

340

Selling and administrative expense

159

155

484

468

Restructuring and other

8

30

12

75

Income from operations (1) 

442

423

1,271

1,179

Loss on debt extinguishment

3

1

Other pension and postretirement

5

5

15

9

Foreign exchange

2

8

2

19

Earnings before interest and taxes

435

410

1,251

1,150

Interest expense

97

101

299

303

Interest income

(10)

(13)

(36)

(40)

Income from operations before income taxes

348

322

988

887

Provision for income taxes

89

84

248

208

Equity earnings

2

1

3

3

Net income

261

239

743

682

Net income attributable to noncontrolling interests

36

25

98

94

Net income attributable to Crown Holdings

$          225

$          214

$          645

$          588

Earnings per share attributable to Crown Holdings
common shareholders:

     Basic

$         2.09

$         1.86

$         5.88

$         5.08

     Diluted

$         2.08

$         1.85

$         5.85

$         5.06

Weighted average common shares outstanding:

     Basic

107,783,638

115,243,289

109,692,830

115,743,257

     Diluted

108,322,780

115,701,558

110,277,803

116,220,619

Actual common shares outstanding at quarter end

108,051,952

115,347,894

108,051,952

115,347,894

  (1) Reconciliation from income from operations to segment income follows.

Consolidated Supplemental Financial Data (Unaudited)
(in millions)

Reconciliation from Income from Operations to Segment Income

The Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources.  Segment income is defined by the Company as income from operations adjusted to exclude intangibles amortization charges and provisions for restructuring and other.

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Income from operations

$          442

$          423

$        1,271

$        1,179

Intangibles amortization

34

37

107

110

Restructuring and other

8

30

12

75

Segment income

$          484

$          490

$        1,390

$        1,364

Segment Information

Net Sales

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Americas Beverage

$         1,700

$         1,417

$        4,929

$        4,142

European Beverage

772

658

2,095

1,805

Asia Pacific

321

259

955

794

Transit Packaging

520

517

1,553

1,525

Other (1)

398

351

1,106

972

     Total net sales

$         3,711

$         3,202

$      10,638

$        9,238

Segment Income

Americas Beverage

$           259

$           255

$          734

$          759

European Beverage

109

109

302

273

Asia Pacific

46

44

151

141

Transit Packaging

60

70

181

202

Other (1)

51

51

150

115

Corporate and other unallocated items

(41)

(39)

(128)

(126)

     Total segment income

$           484

$           490

$        1,390

$        1,364

(1)

Includes the Company's North America tinplate businesses: food can, aerosol can and closures, and beverage tooling and equipment operations in the U.S. and United Kingdom.

Consolidated Supplemental Data (Unaudited)
(in millions, except per share data)

Reconciliation from Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Diluted Earnings Per Share

The following table reconciles reported net income and diluted earnings per share attributable to the Company to adjusted net income and adjusted diluted earnings per share, as used elsewhere in this release. 

Three Months Ended

September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Net income/diluted earnings per share attributable
to Crown Holdings, as reported

$225

$ 2.08

$214

$1.85

$645

$5.85

$588

$5.06

     Intangibles amortization (1)

34

0.31

37

0.32

107

0.97

110

0.95

     Restructuring and other (2)

8

0.07

30

0.26

12

0.11

75

0.64

     Loss on debt extinguishment

3

0.03

1

0.01

     Other pension and postretirement (3)

(5)

(0.04)

     Income taxes (4)

(8)

(0.07)

(14)

(0.12)

(25)

(0.23)

(58)

(0.50)

     Noncontrolling interests (5) 

(8)

(0.07)

(1)

(0.01)

(8)

(0.07)

Adjusted net income/diluted earnings per share

$259

$ 2.39

$259

$2.24

$741

$6.72

$703

$6.05

Effective tax rate as reported 

25.6 %

26.1 %

25.1 %

23.4 %

Adjusted effective tax rate

24.9 %

25.2 %

24.6 %

24.9 %

Adjusted net income, adjusted diluted earnings per share and the adjusted effective tax rate are non-GAAP measures and are not meant to be considered in isolation or as a substitute for net income, diluted earnings per share and effective tax rates determined in accordance with U.S. generally accepted accounting principles.  The Company believes these non-GAAP measures provide useful information to evaluate the performance of the Company's ongoing business.

(1)

In the third quarter and first nine months of 2026, the Company recorded charges of $34 million ($27 million net of tax) and $107 million ($83 million net of tax) for intangibles amortization arising from prior acquisitions. In the third quarter and first nine months of 2025, the Company recorded charges of $37 million ($28 million net of tax) and $110 million ($84 million net of tax) for intangibles amortization arising from prior acquisitions.

(2)

In the third quarter and first nine months of 2026, the Company recorded net restructuring and other charges of $8 million ($7 million net of tax) and $12 million ($12 million net of tax). In the third quarter and first nine months of 2025, the Company recorded net restructuring and other charges of $30 million ($30 million net of tax) and $75 million ($70 million net of tax) primarily related to asset impairment charges in Asia Pacific, severance costs in the Transit Packaging segment and a reserve for a legal dispute.

(3)

In the third quarter of 2025, the Company recorded a pension settlement gain of $5 million ($4 million net of tax), related to repayment of the contribution the Company made in 2021 to settle the U.K. defined pension plan.

(4)

The Company recorded income tax benefits of $8 million and $25 million in the third quarter and first nine months of 2026, primarily related to the items described above. The Company recorded income tax benefits of $14 million and $58 million in the third quarter and first nine months of 2025, primarily related to an income tax benefit of $22 million from an internal reorganization in the first quarter of 2025 and the items described above.

(5)

In the first nine months of 2026 and the third quarter and first nine months of 2025, the Company recorded noncontrolling interest related to the items described above.

Consolidated Balance Sheets (Condensed & Unaudited)

(in millions)

September 30,

2026

2025

Assets

Current assets

   Cash and cash equivalents

$            629

$          1,172

   Receivables, net

2,116

1,738

   Inventories

1,861

1,651

   Prepaid expenses and other current assets

309

220

        Total current assets

4,915

4,781

Goodwill and intangible assets, net

3,948

4,133

Property, plant and equipment, net

5,215

5,032

Other non-current assets

545

607

        Total assets

$        14,623

$        14,553

Liabilities and equity

Current liabilities

   Short-term debt

$             15

$            142

   Current maturities of long-term debt

127

472

   Accounts payable and accrued liabilities

4,176

3,525

        Total current liabilities

4,318

4,139

Long-term debt, excluding current maturities

5,711

5,775

Other non-current liabilities

1,133

1,140

Noncontrolling interests

526

483

Crown Holdings shareholders' equity

2,935

3,016

Total equity

3,461

3,499

        Total liabilities and equity

$        14,623

$        14,553

Consolidated Statements of Cash Flows (Condensed & Unaudited)

(in millions)

Nine Months Ended September 30,

2026

2025

Cash flows from operating activities

   Net income

$         743

$         682

   Depreciation and amortization

349

340

   Restructuring and other

12

75

   Pension and postretirement expense

30

24

   Pension contributions

(4)

21

   Stock-based compensation

34

37

   Loss on debt extinguishment

3

1

   Working capital changes and other

(102)

(137)

          Net cash provided by operating activities

1,065

1,043

Cash flows from investing activities

   Capital expenditures

(310)

(181)

   Other

9

60

          Net cash used for investing activities

(301)

(121)

Cash flows from financing activities

   Net change in debt

(10)

(172)

   Bond issuance costs

(13)

(10)

   Dividends paid to shareholders

(115)

(90)

   Common stock repurchased

(598)

(314)

   Dividends paid to noncontrolling interests

(51)

(84)

   Other, net (1)

(101)

(10)

          Net cash used for financing activities

(888)

(680)

Effect of exchange rate changes on cash and cash equivalents

7

20

Net change in cash and cash equivalents

(117)

262

Cash and cash equivalents at January 1

879

1,016

Cash, cash equivalents and restricted cash at September 30 (2)

$         762

$       1,278

(1)

Primarily consists of payments for assets financed in 2025.

(2)

Cash and cash equivalents include $133 million and $106 million of restricted cash at September 30, 2026 and 2025.

Adjusted free cash flow is defined by the Company as net cash from operating activities less capital expenditures and certain other items. A reconciliation of net cash used for operating activities to adjusted free cash flow for the three and nine months ended September 30, 2026 and 2025 follows.

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Net cash provided by operating activities

$    406

$    580

$  1,065

$  1,043

Interest included in investing activities (3)

12

16

25

Capital expenditures

(107)

(92)

(310)

(181)

Adjusted free cash flow

$    299

$    500

$    771

$    887

(3)

Interest benefit of cross currency swaps included in investing activities.

Consolidated Supplemental Data (Unaudited)

(in millions)

  Impact of Foreign Currency Translation – Favorable/(Unfavorable) (1)

Three Months Ended

September 30, 2026

Nine Months Ended

September 30, 2026

Net Sales

Segment
Income

Net Sales

Segment
Income

Americas Beverage

$         4

$        (2)

$        20

$        (5)

European Beverage

(2)

50

8

Asia Pacific

11

1

Transit Packaging

(6)

(1)

19

4

Corporate and Other

2

$        (4)

$        (3)

$      102

$         8

(1)

The impact of foreign currency translation represents the difference between actual current year U.S. dollar results and pro forma amounts assuming constant foreign currency exchange rates for translation in both periods.  In order to compute the difference, the Company compares actual U.S. dollar results to an amount calculated by dividing the current U.S. dollar results by current year average foreign exchange rates and then multiplying those amounts by the applicable prior year average foreign exchange rates.

Reconciliation of Adjusted EBITDA and Adjusted Net Leverage Ratio

September
YTD 2026

September
YTD 2025

Full Year 2025

Twelve Months
Ended September
30, 2026

Income from operations

$       1,271

$         1,179

$         1,553

$               1,645

Add:

Intangibles amortization

107

110

148

145

Restructuring and other

12

75

83

20

Segment income

1,390

1,364

1,784

1,810

Depreciation

242

230

308

320

Adjusted EBITDA

$       1,632

$         1,594

$         2,092

$               2,130

Total debt

$         5,964

$               5,853

Less cash

764

629

Net debt

$         5,200

$               5,224

Adjusted net leverage ratio

2.5x

2.5x

SOURCE Crown Holdings, Inc.

Wall Street analysts expect Crown Holdings (CCK - Free Report) to post quarterly earnings of $2.25 per share in its upcoming report, which indicates a year-over-year increase of 0.5%. Revenues are expected to be $3.39 billion, up 5.7% from the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

That said, let's delve into the average estimates of some Crown metrics that Wall Street analysts commonly model and monitor.

The combined assessment of analysts suggests that 'External Sales- Americas Beverage' will likely reach $1.60 billion. The estimate indicates a change of +13.3% from the prior-year quarter.

Analysts predict that the 'External Sales- European Beverage' will reach $681.57 million. The estimate points to a change of +3.6% from the year-ago quarter.

Analysts forecast 'External Sales- Transit Packaging' to reach $522.76 million. The estimate points to a change of +1.1% from the year-ago quarter.

According to the collective judgment of analysts, 'External Sales- Other segments' should come in at $365.29 million. The estimate indicates a year-over-year change of +4.1%.

The average prediction of analysts places 'External Sales- Asia Pacific' at $283.63 million. The estimate indicates a year-over-year change of +9.5%.

Based on the collective assessment of analysts, 'Segment Income- Americas Beverage' should arrive at $259.49 million. Compared to the present estimate, the company reported $255.00 million in the same quarter last year.

The consensus estimate for 'Segment Income- European Beverage' stands at $111.49 million. Compared to the present estimate, the company reported $109.00 million in the same quarter last year.

It is projected by analysts that the 'Segment Income- Transit Packaging' will reach $66.80 million. Compared to the present estimate, the company reported $70.00 million in the same quarter last year.

Analysts expect 'Segment Income- Other segments' to come in at $39.22 million. Compared to the current estimate, the company reported $51.00 million in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Segment Income- Asia Pacific' of $43.17 million. Compared to the present estimate, the company reported $44.00 million in the same quarter last year.

View all Key Company Metrics for Crown here>>>

Shares of Crown have experienced a change of -2.1% in the past month compared to the +2.1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CCK is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Crown Castle (CCI +12.34%) shares rocketed higher today after news that Space Exploration Technologies may be moving into the mobile phone network business.

News that SpaceX's Starlink might move further into the wireless industry sent Crown Castle stock up 14.2% as of 12:05 p.m. ET.

Image source: Getty Images.

Starlink's constellation of satellites currently aims to bring broadband access to remote locations around the globe. Word that SpaceX just acquired a spectrum portfolio from digital infrastructure company Grain Management now changes the playing field in wireless mobile as well.

SpaceX posted that the move will "pave the way for Starlink Mobile to become a major mobile carrier in the U.S." The move tanked the stocks of other established mobile carriers, but cell tower owners could be the big beneficiaries.

The acquisition still needs federal approval, but if it proceeds, Starlink could begin competing directly with the other wireless carriers, creating opportunities for terrestrial tower operators like Crown Castle.

Analysts noted that to build a mobile network that competes with major industry players, including AT&T, SpaceX would likely need to use traditional cell tower networks.

Earlier this year, Crown Castle sold its fiber and small-cell businesses to become a pure-play cell-tower company. That decision now looks like it might pay off in the long run as SpaceX rejuvenates competition in mobile networks.

Howard Smith has positions in Crown Castle. The Motley Fool has positions in and recommends Crown Castle. The Motley Fool has a disclosure policy.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is Crown Holdings (CCK - Free Report) . CCK is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.

Investors should also recognize that CCK has a P/B ratio of 3.27. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 8.12. Over the past year, CCK's P/B has been as high as 3.88 and as low as 2.89, with a median of 3.49.

Finally, investors will want to recognize that CCK has a P/CF ratio of 10.98. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. CCK's current P/CF looks attractive when compared to its industry's average P/CF of 14.81. Within the past 12 months, CCK's P/CF has been as high as 20.49 and as low as 9.25, with a median of 11.97.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Crown Holdings is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CCK feels like a great value stock at the moment.

Space Race Meets Ground Reality for Tower REITsCrown Castle NYSE: CCI Executive Vice President and Chief Financial Officer Sunit Patel said artificial intelligence is expected to be a “clear positive” for mobile data demand, potentially supporting additional network investment and tower activity over the coming years.

Speaking at an investor event hosted by RBC analyst Jon Atkin, Patel said AI applications could alter the mix of mobile network traffic by increasing the amount of data uploaded from devices and infrastructure. Historically, mobile and home-network traffic has been weighted toward downloads, at roughly 80% download and 20% upload, he said. Research suggests that mix could shift toward 60% download and 40% upload.

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3 Infrastructure Stocks Built Around the Backbone of the Economy“A lot of Physical AI will rest on mobile data traffic transmission,” Patel said, adding that AI also requires more information to be gathered and transmitted for inference purposes.

AI Could Support Larger Network Deployments Patel said rising data volumes generally require more power, which can translate into larger antenna and radio installations. While equipment manufacturers continue to shrink radios and antennas, mobile network operators have historically occupied more space on Crown Castle’s towers as network requirements have grown, according to Patel.

Tap Into 2026 AI Infrastructure Gains With This High-Growth ETFHe said urban and suburban markets are likely to see earlier and greater benefits from AI-driven mobile traffic demand than rural areas, though he characterized the opportunity as broad-based.

On edge computing, Patel said Crown Castle is focused on applications below one megawatt of power. The company has 40,000 towers, each with fiber and power connections, and can lease available horizontal space at tower sites to customers deploying equipment.

“The way to think about it is it’s having one more tenant like we have on the towers,” Patel said. Customers would provide and pay for their own power and computing equipment, he said.

Patel described Crown Castle’s edge-computing activity as an early-stage trial. Potential applications for lower-power deployments could include inference, quantum computing and cybersecurity, he said.

Spectrum Activity Seen as a Tailwind Patel said Crown Castle continues to expect 2026 to represent a low point for its U.S. site-rental leasing activity, with improvement expected thereafter. He cited recent spectrum transactions and upcoming auctions as potential sources of future tower demand.

AT&T’s purchases of low-band 600 MHz spectrum and 3.45 GHz spectrum, as well as Verizon’s acquisition of AWS spectrum, could support deployments, he said. Patel noted that lower-frequency spectrum can require large equipment installations; radios and antennas for 600 MHz deployments can exceed 6 feet in height.

He also pointed to an upper C-band auction expected to conclude by July of next year, involving approximately 165 MHz of spectrum around the 4 GHz range. Higher-frequency spectrum can require either network densification or more powerful radio and antenna structures on existing macro towers because of lower signal propagation, Patel said.

He added that spectrum expected to support future 6G applications could also benefit the tower sector.

Margin Initiatives and Ground-Lease Buyouts Patel said Crown Castle has “fairly aggressive ambitions” for margin expansion and is pursuing several operational initiatives. On the tower side, the company reduced its workforce by 20% at the beginning of the year, he said.

The company is also modernizing its information-technology infrastructure. Crown Castle deployed two operations systems this year and plans to deploy customer lifecycle management and human-capital management systems next year, followed by an enterprise resource planning system the year after that, Patel said.

Those systems are intended to improve efficiency, productivity and cycle times while reducing spending on older platforms. Patel also cited a companywide transformation program addressing headcount and non-headcount expenses.

Another focus is buying out ground leases. Patel said 70% of Crown Castle’s 40,000 towers have landlords under the sites. He said the company has stepped up its efforts to acquire those leases, particularly as power availability becomes more important.

Patel said Crown Castle has stated it expects to improve margins by 200 basis points from its guidance for this year through 2030.

Satellite and Capital Allocation Patel said satellite networks could represent an opportunity rather than a threat to Crown Castle’s business. He said satellite providers seeking to offer services comparable with mobile network operators may need macro towers to address in-building and in-vehicle coverage challenges in urban and suburban areas.

On capital allocation, Patel said Crown Castle’s dividend is $4.25 per share and that the company remains focused on maintaining investment-grade credit metrics. He said the company targets a leverage ratio of 6% to 6.5% and reported leverage of 6.3x in its most recently reported quarter.

The company also aims to pay dividends at a 75% to 80% coverage ratio of adjusted funds from operations, Patel said. While Crown Castle is currently above that range, he said growth in AFFO could support dividend growth over time.

About Crown Castle (NYSE:CCI)Crown Castle Inc NYSE: CCI is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.

The company's portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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TAMPA, Fla., Sept. 22, 2026 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) will release its earnings for the third quarter ended September 30, 2026, after the close of trading on the New York Stock Exchange on Monday, October 19, 2026.

 | Source: Crown Castle Inc.

HOUSTON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Sunit Patel, Crown Castle’s Executive Vice President and Chief Financial Officer, is scheduled to present on Tuesday, September 29, 2026 at 10:50 a.m. Eastern Time at the 2026 RBC Capital Markets Global Communications Infrastructure Conference. The presentation will be broadcast live over the Internet and is expected to last approximately 20 minutes. The live audio webcast link and presentation for the conference will be available on Crown Castle’s website at www.crowncastle.com, where it will also be archived for replay.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service – bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.

CONTACTSSunit Patel, CFO
Hamilton West, VP & Treasurer
Crown Castle Inc.
713-570-3050

 | Source: Crown Castle Inc.

HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or “Company”) announced today that Sunit Patel has elected to retire from Crown Castle as EVP and Chief Financial Officer (CFO) effective March 31, 2027, following the filing of the Company’s 2026 Form 10-K. Kris Hinson, who currently serves as Crown Castle’s EVP and Chief Commercial Officer, will be appointed CFO effective April 1, 2027. Cathy Piche, EVP and Chief Operating Officer (COO), will leave Crown Castle to pursue other endeavors. Ms. Piche will step down from the COO role effective September 23, 2026, and she will be available to the Company as a special advisor supporting the transition of her responsibilities until her departure on February 22, 2027. The Company has initiated a search for her replacement.

"Sunit has been a critical part of the successful transition back to our core telecom infrastructure business,” said Chris Hillabrant, Crown Castle's President and Chief Executive Officer. “We’ve relied heavily on his expertise and his steady leadership through the sale of our fiber and small cell businesses, and he has been instrumental in charting our course as a pure-play US tower company.

“Kris has tremendous financial expertise, leadership skills and a deep knowledge of our business, having led both investor- and customer-facing teams at Crown Castle. He was previously our primary contact for investors as VP-Corporate Finance and Treasurer and is currently working directly with customers as the Chief Commercial Officer. He will bring a strong understanding of what matters most to both of these key constituent groups — valuable insights as he takes on the CFO role next year.”  

“Kris is highly respected across the organization and exceptionally well prepared to serve Crown Castle as CFO. I am very pleased to be turning over these responsibilities to him next year and will work closely with Kris over the next several months to ensure a smooth transition,” said Mr. Patel, CFO.

“I would like to thank Cathy for her leadership and significant contributions over her 15 years with Crown Castle,” continued Mr. Hillabrant. “As an industry leader, she has held many senior roles within the Company and throughout the industry, including serving as an Area President, Senior Vice President of Network, and Chief Operating Officer. She also currently serves as the Wireless Infrastructure Association’s Chair.”

“It has been my pleasure and honor to represent Crown Castle and work with exceptional teammates, customers and partners across our industry,” commented Ms. Piche.

About Kris Hinson

Kris Hinson currently serves as Crown Castle’s EVP and Chief Commercial Officer. Prior to this role, Mr. Hinson was VP-Corporate Finance and Treasurer, with responsibilities including investor relations, strategic planning, treasury, procurement, business analytics, sustainability and corporate facilities. 

Prior to joining the company, Mr. Hinson was an executive at ExxonMobil, where he spent 13 years in a variety of finance leadership roles, most recently as Director of Investor Relations and before that as Managing Director of ExxonMobil Czech Republic and EAME Credit Manager ExxonMobil Corporation. 

Kris earned an MBA from Harvard Business School and an AB in Economics from Harvard College. 

CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that are based on Crown Castle management's current expectations. Such statements include plans, projections and estimates regarding the appointment of Mr. Hinson, including, without limitation, the effective date thereof, and his expected contributions to Crown Castle. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Crown Castle and its results is included in Crown Castle's filings with the Securities and Exchange Commission.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service – bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.

CONTACTS
Sunit Patel, CFO
Hamilton West, VP & Treasurer
Crown Castle Inc.
713-570-3050

Crown Castle completed a strategic transformation, divesting Fiber and Small Cell assets to become a pure-play US tower REIT. CCI used $8.4 billion in proceeds to repay $7 billion in debt and repurchase $1 billion in shares, materially strengthening its balance sheet. Despite a 32% dividend cut, CCI offers a 5.6% yield, but the payout ratio remains above management's long-term target, limiting near-term dividend growth.

, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) celebrated on September 9, 2026 the groundbreaking of its first beverage can manufacturing facility in India, marking a major milestone in the Company's expansion into one of the world's fastest-growing beverage markets. The ceremony brought together Crown leaders, local government representatives, customers and guests to commemorate the start of construction on the new facility in Unnao, Uttar Pradesh.

Announced in April 2026, the state-of-the-art plant will feature two production lines with an annual capacity of approximately 2.2 billion aluminum beverage cans. Operations are scheduled to commence in the second half of 2027.

The groundbreaking ceremony, which reflected local traditions and marked the official commencement of construction, underscored Crown's long-term commitment to India and the state of Uttar Pradesh. Following the event, Crown executives had the honor of meeting with the Honorable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath, to discuss the progress of the Company's investment and its vision for supporting the continued growth of the beverage industry in India. During the meeting, Crown received the official land allotment letter for the project, representing another important milestone in the development of the Company's first beverage can manufacturing facility in the country.

Djalma Novaes, Executive Vice President and Chief Operating Officer, said: "This investment reflects Crown's confidence in the future of the Indian beverage market, and the growing role of the beverage can as a sustainable packaging solution. The Unnao facility will combine advanced manufacturing technology, operational excellence and responsible resource management to support our customers' growth while creating long-term value for the region."

Designed to incorporate advanced manufacturing technologies and the highest quality and sustainability standards, the facility will support growing demand for aluminum beverage cans across both alcoholic and non-alcoholic beverage categories. The investment reinforces the Company's commitment to serving customers in high-growth markets and reflects the strong partnership Crown has established with the Government of Uttar Pradesh.

The Company continues to expect full year capital expenditures of approximately $550 million.

About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. Learn more at www.crowncork.com.

For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281, or
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

SOURCE Crown Holdings, Inc.

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Stock to Watch: Crown Holdings (CCK - Free Report) Headquartered at Tampa, FL, Crown Holdings is a leading global manufacturer of packaging products for consumer goods. Crown makes a wide variety of steel and aluminum cans for food, beverage, household, and other consumer products and metal vacuum closures, steel crowns and caps.

CCK is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

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For fiscal 2026, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.34 to $8.39 per share. CCK boasts an average earnings surprise of +9.6%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CCK should be on investors' short list.

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To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Crown Holdings (CCK - Free Report) Headquartered at Tampa, FL, Crown Holdings is a leading global manufacturer of packaging products for consumer goods. Crown makes a wide variety of steel and aluminum cans for food, beverage, household, and other consumer products and metal vacuum closures, steel crowns and caps.

CCK is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 13.9; value investors should take notice.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.34 to $8.39 per share. CCK boasts an average earnings surprise of +9.6%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, CCK should be on investors' short list.

 | Source: Crown Castle Inc.

HOUSTON, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Kris Hinson, Crown Castle’s Executive Vice President and Chief Commercial Officer, is scheduled to present on Wednesday, September 9, 2026 at 9:30 a.m. Eastern Time at Citi’s 2026 Global TMT Conference. The presentation will be broadcast live over the Internet and is expected to last approximately 35 minutes. The live audio webcast link and presentation for the conference will be available on Crown Castle’s website at www.crowncastle.com, where it will also be archived for replay.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service – bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.

CONTACTSSunit Patel, CFO
Hamilton West, VP & Treasurer
Crown Castle Inc.
713-570-3050

3.5K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company value investors might notice is Crown Holdings (CCK - Free Report) . CCK is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 12.1, while its industry has an average P/E of 13.85. Over the last 12 months, CCK's Forward P/E has been as high as 14.81 and as low as 10.99, with a median of 12.98.

We should also highlight that CCK has a P/B ratio of 3.27. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 9.25. Within the past 52 weeks, CCK's P/B has been as high as 3.88 and as low as 2.89, with a median of 3.49.

Finally, our model also underscores that CCK has a P/CF ratio of 10.98. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. CCK's P/CF compares to its industry's average P/CF of 16.85. Within the past 12 months, CCK's P/CF has been as high as 20.49 and as low as 9.25, with a median of 11.97.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Crown Holdings is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CCK feels like a great value stock at the moment.

Shares of Crown Holdings, Inc. (NYSE:CCK – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $128.20.

Several research analysts have commented on the stock. Jefferies Financial Group set a $121.00 price objective on shares of Crown in a report on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Crown in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a research report on Wednesday, July 22nd. Robert W. Baird raised their price target on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th.

Read Our Latest Stock Analysis on CCK

Insiders Place Their Bets In related news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock. Hedge Funds Weigh In On Crown A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Crown by 24.1% in the first quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock worth $4,367,000 after acquiring an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 1,161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Crown in the 1st quarter valued at approximately $111,000. NewEdge Advisors LLC lifted its stake in shares of Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Crown by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after purchasing an additional 127,737 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Trading Up 0.2% Crown stock opened at $117.21 on Tuesday. Crown has a 1 year low of $89.21 and a 1 year high of $122.91. The firm’s 50 day moving average price is $113.51 and its 200-day moving average price is $107.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The stock has a market cap of $12.75 billion, a P/E ratio of 16.86, a PEG ratio of 1.64 and a beta of 0.59.

Crown (NYSE:CCK – Get Free Report) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.33. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. Crown’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, equities analysts predict that Crown will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is 20.14%.

Crown Company Profile (Get Free Report)

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.

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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Crown Holdings (CCK - Free Report) Headquartered at Philadelphia, PA, Crown Holdings is a leading global manufacturer of packaging products for consumer goods. Crown makes a wide variety of steel and aluminum cans for food, beverage, household, and other consumer products and metal vacuum closures, steel crowns and caps.

CCK is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. CCK has a Growth Style Score of A, forecasting year-over-year earnings growth of 7.7% for the current fiscal year.

Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.34 to $8.39 per share. CCK also boasts an average earnings surprise of +9.6%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CCK should be on investors' short list.

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is Crown Holdings (CCK - Free Report) . CCK is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 12.1. This compares to its industry's average Forward P/E of 13.69. CCK's Forward P/E has been as high as 14.81 and as low as 10.99, with a median of 12.98, all within the past year.

Another valuation metric that we should highlight is CCK's P/B ratio of 3.27. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 9.10. Over the past year, CCK's P/B has been as high as 3.88 and as low as 2.89, with a median of 3.49.

Finally, we should also recognize that CCK has a P/CF ratio of 10.98. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. CCK's current P/CF looks attractive when compared to its industry's average P/CF of 16.58. Within the past 12 months, CCK's P/CF has been as high as 20.49 and as low as 9.25, with a median of 11.97.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Crown Holdings is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CCK feels like a great value stock at the moment.