Equities analysts expect CIRCOR International, Inc. (NYSE:CIR) to report earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for CIRCOR International’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.45. CIRCOR International posted earnings per share of $0.46 during the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The company is expected to issue its next earnings results on Friday, October 27th.
On average, analysts expect that CIRCOR International will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.60 to $1.77. For the next year, analysts expect that the business will post earnings of $2.34 per share, with EPS estimates ranging from $2.11 to $2.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $151.20 million during the quarter, compared to the consensus estimate of $158.09 million. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS.
CIR has been the topic of a number of recent analyst reports. Stifel Nicolaus upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and cut their price target for the company from $74.00 to $68.00 in a report on Monday, April 17th. Zacks Investment Research upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, April 19th. ValuEngine upgraded shares of CIRCOR International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Seaport Global Securities cut shares of CIRCOR International from a “neutral” rating to a “sell” rating and cut their price target for the company from $70.00 to $60.00 in a report on Wednesday, June 21st. Finally, Sidoti upgraded shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday, June 22nd. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $65.83.
Shares of CIRCOR International (CIR) opened at 50.17 on Wednesday. The company has a market cap of $827.75 million, a PE ratio of 51.51 and a beta of 1.66. CIRCOR International has a 12-month low of $48.11 and a 12-month high of $72.96. The company has a 50 day moving average of $57.44 and a 200-day moving average of $60.98.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be given a dividend of $0.0375 per share. The ex-dividend date is Monday, August 14th. This represents a $0.15 dividend on an annualized basis and a yield of 0.30%. CIRCOR International’s dividend payout ratio (DPR) is 15.31%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of CIRCOR International by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 27,743 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 1,757 shares during the period. Russell Investments Group Ltd. increased its position in shares of CIRCOR International by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 59,177 shares of the industrial products company’s stock worth $3,517,000 after buying an additional 236 shares during the period. Bank of New York Mellon Corp increased its position in shares of CIRCOR International by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 220,207 shares of the industrial products company’s stock worth $13,089,000 after buying an additional 8,173 shares during the period. Comerica Bank increased its position in shares of CIRCOR International by 1.8% in the first quarter. Comerica Bank now owns 18,305 shares of the industrial products company’s stock worth $1,190,000 after buying an additional 317 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of CIRCOR International during the first quarter worth $375,000.
About CIRCOR International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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