Circor International Inc. (CIR) Updates Q3 Earnings Guidance
Circor International Inc. (NYSE:CIR) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.41-0.45 for the period, compared to the Thomson Reuters consensus estimate of $0.53. The company issued revenue guidance of $133-135 million, compared to the consensus revenue estimate of $148.34 million.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Circor International from a buy rating to a hold rating in a research report on Friday, July 1st. Stifel Nicolaus reduced their price target on shares of Circor International from $68.00 to $61.00 and set a buy rating for the company in a research report on Monday, August 1st. Finally, KeyCorp assumed coverage on shares of Circor International in a research report on Tuesday, September 20th. They set a sector weight rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Circor International currently has an average rating of Hold and an average price target of $49.50.
Circor International Inc. (NYSE:CIR) opened at 53.09 on Friday. The stock has a market capitalization of $871.90 million, a price-to-earnings ratio of 131.09 and a beta of 1.39. Circor International Inc. has a 12 month low of $32.79 and a 12 month high of $62.87. The company has a 50-day moving average of $58.43 and a 200 day moving average of $55.69.
Circor International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The company’s revenue was down 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. On average, equities research analysts anticipate that Circor International Inc. will post $2.19 earnings per share for the current fiscal year.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of Circor International stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the sale, the director now directly owns 14,556 shares in the company, valued at approximately $890,390.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System increased its stake in shares of Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock worth $487,000 after buying an additional 200 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock worth $1,481,000 after buying an additional 638 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock worth $5,560,000 after buying an additional 700 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Circor International by 122.6% in the second quarter. Parametric Portfolio Associates LLC now owns 37,191 shares of the company’s stock worth $2,120,000 after buying an additional 20,487 shares in the last quarter. Finally, Netols Asset Management Inc. increased its stake in shares of Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock worth $6,556,000 after buying an additional 42,709 shares in the last quarter.
Circor International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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