Crown Holdings, Inc. · CCK · FY2026 Q1 · Calendar Q2 2026
Crown Holdings: Demand Strength, Guidance Maintained Despite Cost Risks
The supplied analysis supports a constructive operating thesis for Crown Holdings: resilient beverage-can and food-can demand, volume growth and capacity expansion provide support, while maintained guidance and cost actions offset—but do not eliminate—geopolitical, input-cost and execution risks.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The current analysis highlights 5% global beverage-can volume growth, capacity expansion in Greece, Spain and India, and a maintained FY outlook. It also identifies a $0.10 per-share FY headwind from the Middle East conflict and ongoing tariff, inflation and currency risks.
Guidance delta
Management maintained FY adjusted EPS guidance of $7.90-$8.30 and Q2 EPS guidance of $2.10-$2.20; the analysis also cites a $0.10 per-share FY headwind from the Middle East conflict.
Key takeaways
- Q1 EPS and sales increased year over year, with global beverage-can volumes up 5%.
- Europe and Asia Pacific were highlighted as strong regions, alongside food-can and pet-food-closure demand.
- Expansion projects in Greece, Spain, Brazil and India support capacity growth.
- Management cited Middle East, tariff, inflation and currency risks.
Management priorities
- Advance capacity expansion in Greece, Spain, Brazil and India.
- Execute cost mitigation and pass-through actions for aluminum, freight and energy.
- Continue capital returns while targeting 2.5x net leverage by year-end.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 21, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 19, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 5, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 18, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 24, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 22, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 22, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 21, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Jul 15, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 29, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 1, 2026 |
| Loop Capital | Buy | Buy | Maintain | Jul 23, 2025 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jun 25, 2025 |
| Barclays | Overweight | Overweight | Maintain | Apr 30, 2025 |
| Jefferies | Buy | Buy | Maintain | Oct 18, 2023 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 27, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Oct 26, 2022 |
| Longbow Research | Buy | Buy | Maintain | May 20, 2021 |
| Seaport Global | Buy | Buy | Maintain | Oct 14, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 9, 2018 |
| Vertical Research | Hold | Buy | Downgrade | Jul 21, 2017 |
| Macquarie | Outperform | Outperform | Maintain | Feb 5, 2016 |
| Northcoast Research | Buy | Buy | Maintain | Aug 23, 2013 |
| KeyBanc | Hold | Hold | Maintain | Apr 11, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $114.17. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Analyst unavailable | $121 | $117.99 | +6.0% | Jul 22, 2026 |
| BOCOM International Holdings Company | Analyst unavailable | $130 | $117.02 | +13.9% | Jul 16, 2026 |
| UBS | Analyst unavailable | $126 | $112.88 | +10.4% | Feb 9, 2026 |
| Wolfe Research | Analyst unavailable | $115 | $114.2 | +0.7% | Feb 6, 2026 |
| Truist Financial | Michael Roxland | $126 | $99.6 | +10.4% | Oct 22, 2025 |
| RBC Capital | Arun Viswanathan | $120 | $100.14 | +5.1% | Oct 22, 2025 |
| UBS | Joshua Spector | $117 | $98.28 | +2.5% | Oct 21, 2025 |
| Raymond James | Analyst unavailable | $110 | $90.38 | -3.7% | Oct 15, 2025 |
| RBC Capital | Arun Viswanathan | $113 | $96.17 | -1.0% | Oct 23, 2024 |
| Loop Capital Markets | Alton Stump | $129 | $96.51 | +13.0% | Oct 21, 2024 |
| Robert W. Baird | Ghansham Panjabi | $110 | $97.75 | -3.7% | Oct 21, 2024 |
| Jefferies | Philip Ng | $125 | $97.75 | +9.5% | Oct 21, 2024 |
| Barclays | Michael Leithead | $112 | $97.75 | -1.9% | Oct 21, 2024 |
| Mizuho Securities | John Roberts | $110 | $93.84 | -3.7% | Oct 18, 2024 |
| Truist Financial | Michael Roxland | $103 | $93.46 | -9.8% | Oct 15, 2024 |
| Morgan Stanley | Stefan Diaz | $105 | $90.42 | -8.0% | Sep 4, 2024 |
| RBC Capital | Arun Viswanathan | $105 | $86.42 | -8.0% | Jul 26, 2024 |
| Truist Financial | Michael Roxland | $95 | $84.37 | -16.8% | Jul 24, 2024 |
| Wells Fargo | Gabe Hajde | $88 | $84.37 | -22.9% | Jul 24, 2024 |
| RBC Capital | Arun Viswanathan | $96 | $84.37 | -15.9% | Jul 23, 2024 |
| Loop Capital Markets | Alton Stump | $106 | $82.07 | -7.2% | May 1, 2024 |
| Robert W. Baird | Ghansham Panjabi | $100 | $82.07 | -12.4% | May 1, 2024 |
| Barclays | Michael Leithead | $95 | $82.07 | -16.8% | May 1, 2024 |
| Robert W. Baird | Ghansham Panjabi | $90 | $76.2 | -21.2% | Apr 16, 2024 |
| Truist Financial | Michael Roxland | $88 | $77.43 | -22.9% | Mar 27, 2024 |
| Morgan Stanley | Pamela Kaufman | $87 | $77.43 | -23.8% | Mar 18, 2024 |
| Mizuho Securities | Christopher Parkinson | $108 | $80.93 | -5.4% | Apr 26, 2023 |
| Barclays | Analyst unavailable | $115 | $81.03 | +0.7% | Oct 3, 2022 |
| RBC Capital | Analyst unavailable | $122 | $93.49 | +6.9% | Sep 7, 2022 |
| Morgan Stanley | Analyst unavailable | $130 | $95.65 | +13.9% | Jul 26, 2022 |
| Mizuho Securities | Analyst unavailable | $124 | $96.21 | +8.6% | Jul 22, 2022 |
| Truist Financial | Analyst unavailable | $130 | $96.59 | +13.9% | Jul 22, 2022 |
| Wells Fargo | Analyst unavailable | $100 | $89.36 | -12.4% | Jul 18, 2022 |
| RBC Capital | Analyst unavailable | $143 | $109.32 | +25.3% | Apr 28, 2022 |
| Mizuho Securities | Analyst unavailable | $126 | $108.46 | +10.4% | Apr 27, 2022 |
| Wells Fargo | Analyst unavailable | $150 | $106.69 | +31.4% | Apr 27, 2022 |
| Wells Fargo | Gabe Hajde | $152 | $116.61 | +33.1% | Apr 26, 2022 |
| Morgan Stanley | Angel Castillo | $135 | $115.52 | +18.2% | Jan 20, 2022 |
| Truist Financial | Michael Roxland | $147 | $111.48 | +28.8% | Jan 12, 2022 |
| Loop Capital Markets | Alton Stump | $165 | $101.35 | +44.5% | Oct 5, 2021 |
| Wells Fargo | Gabrial Hajde | $132 | $106.04 | +15.6% | Sep 9, 2021 |
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Start freeCompany context
Snapshot as of publicationCrown Holdings, Inc. is a global enterprise dedicated to the design, production, and sale of a diverse range of packaging solutions and related machinery. Its operations span the Americas, Europe, and Asia Pacific, serving both consumer and industrial markets. For consumer goods, the company offers steel and aluminum cans, primarily targeting the food and beverage sectors. Its consumer product portfolio further extends to include glass bottles for beverages, as well as steel crowns and aluminum caps.…
Historical context
All CCK earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
| GPC Genuine Parts Company | FY2026 Q3 · Calendar Q4 2026 | +1.5% | -5.1% | GPC Q3 2026: Industrial Strength, Automation, and Split Progress |
| GM General Motors Company | FY2026 Q3 · Calendar Q4 2026 | +0.3% | -6.8% | GM posts strong quarter, raises outlook as trucks and software lead |
| HAS Hasbro, Inc. | FY2026 Q3 · Calendar Q4 2026 | +55.9% | +11.2% | Hasbro raises guidance as Magic revenue tops $600 million |
Latest beats and misses
Who reports nextBeat on EPS
- HALFY2026 Q3 · October 20, 2026+2.7% EPS+1.8% move
- RTXFY2026 Q3 · October 20, 2026+27.0% EPS+0.6% move
- MMMFY2026 Q3 · October 20, 2026+5.0% EPS+5.8% move
- GPCFY2026 Q3 · October 20, 2026+1.5% EPS-5.1% move
- KEY-PKFY2026 Q3 · October 20, 2026+10.5% EPS— move
- KEY-PLFY2026 Q3 · October 20, 2026+10.5% EPS— move
Missed on EPS
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCLFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- AGNCOFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCPFY2026 Q3 · October 19, 2026-0.6% EPS0.0% move
- AGNCMFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- STLDFY2026 Q3 · October 19, 2026-4.0% EPS-0.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-21T06:10:45.192618+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-21T06:10:45.189437+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-21. For educational purposes only; not investment advice.