CIRCOR International, Inc. (NYSE:CIR) – Stock analysts at SunTrust Banks boosted their FY2018 earnings estimates for CIRCOR International in a research report issued on Tuesday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings of $2.50 per share for the year, up from their prior forecast of $2.32. SunTrust Banks also issued estimates for CIRCOR International’s FY2019 earnings at $2.92 EPS.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $159.70 million for the quarter, compared to analyst estimates of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. CIRCOR International’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of CIRCOR International from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a report on Sunday, October 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of CIRCOR International in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.00.
CIRCOR International (NYSE:CIR) traded up $0.45 during trading hours on Thursday, reaching $52.43. 39,927 shares of the company’s stock traded hands, compared to its average volume of 89,942. The company has a quick ratio of 1.85, a current ratio of 3.20 and a debt-to-equity ratio of 0.58. The firm has a market cap of $865.12, a price-to-earnings ratio of 56.99 and a beta of 1.59. CIRCOR International has a 12 month low of $42.25 and a 12 month high of $72.96.
A number of large investors have recently bought and sold shares of CIR. SG Americas Securities LLC acquired a new position in CIRCOR International in the 3rd quarter valued at about $121,000. Quantbot Technologies LP raised its stake in shares of 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 acquiring an additional 2,470 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of CIRCOR International in the 2nd quarter valued at approximately $212,000. Municipal Employees Retirement System of Michigan raised its stake in shares of 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 acquiring an additional 2,320 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of 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 acquiring an additional 300 shares during the period.
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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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