CIRCOR International, Inc. (CIR) to Issue Quarterly Dividend of $0.04 on August 30th
CIRCOR International, Inc. (NYSE:CIR) declared a quarterly dividend on Monday, August 7th, Fidelity reports. Shareholders of record on Wednesday, August 16th will be given a dividend of 0.0375 per share by the industrial products company on Wednesday, August 30th. This represents a $0.15 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, August 14th.
CIRCOR International has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CIRCOR International to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 6.4%.
CIRCOR International (CIR) opened at 50.17 on Wednesday. The stock has a market cap of $827.75 million, a PE ratio of 51.51 and a beta of 1.66. The firm has a 50-day moving average of $57.44 and a 200-day moving average of $60.98. CIRCOR International has a 1-year low of $48.11 and a 1-year high of $72.96.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, July 28th. The industrial products company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.07. The firm 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 business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Analysts expect that CIRCOR International will post $1.72 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of CIRCOR International from $68.00 to $74.00 and gave the company a “buy” rating in a report on Monday, May 1st. Zacks Investment Research downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Sidoti upgraded shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, June 22nd. They noted that the move was a valuation call. SunTrust Banks, Inc. upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and cut their price objective for the company from $65.00 to $60.00 in a report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. CIRCOR International presently has a consensus rating of “Hold” and a consensus target price of $65.83.
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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