CIRCOR International, Inc. (NYSE:CIR) – Equities research analysts at SunTrust Banks lowered their Q2 2018 earnings per share (EPS) estimates for shares of CIRCOR International in a report released on Tuesday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.58.
CIR has been the subject of a number of other research reports. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of CIRCOR International from a “sell” rating to a “hold” rating in a report on Friday, September 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of CIRCOR International in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. CIRCOR International has an average rating of “Hold” and an average price target of $60.00.
CIRCOR International (NYSE:CIR) traded up $0.45 during mid-day trading on Friday, hitting $52.43. 39,927 shares of the stock were exchanged, compared to its average volume of 89,942. The company has a market capitalization of $865.12, a PE ratio of 56.99 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.20 and a quick ratio of 1.85. CIRCOR International has a 52-week low of $42.25 and a 52-week high of $72.96.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in CIRCOR International in the 3rd quarter valued at approximately $121,000. Quantbot Technologies LP raised its holdings in CIRCOR International by 454.0% in the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $178,000 after buying an additional 2,470 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in CIRCOR International in the 2nd quarter valued at approximately $212,000. Municipal Employees Retirement System of Michigan raised its holdings in CIRCOR International by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock valued at $337,000 after buying an additional 2,320 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in CIRCOR International by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after buying an additional 300 shares during the last quarter.
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CIRCOR International Company Profile
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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