CIRCOR International, Inc. (CIR) Updates Q3 Earnings Guidance
CIRCOR International, Inc. (NYSE:CIR) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.35-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of $150-165 million, compared to the consensus revenue estimate of $155.68 million.
Shares of CIRCOR International, Inc. (NYSE CIR) traded up 5.60% during midday trading on Monday, hitting $54.14. The company’s stock had a trading volume of 304,314 shares. The stock’s 50 day moving average is $48.95 and its 200-day moving average is $57.80. CIRCOR International, Inc. has a 52-week low of $46.97 and a 52-week high of $72.96. The firm has a market cap of $893.26 million, a P/E ratio of 55.59 and a beta of 1.67.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The company had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $158.09 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Equities analysts predict that CIRCOR International, Inc. will post $1.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were given a $0.0375 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.15 annualized dividend and a yield of 0.29%. CIRCOR International’s dividend payout ratio (DPR) is presently 15.31%.
Several research analysts recently issued reports on CIR shares. ValuEngine upgraded shares of CIRCOR International from a sell rating to a hold rating in a research report on Friday, June 2nd. Stifel Nicolaus restated a buy rating and set a $61.00 price target on shares of CIRCOR International in a research report on Sunday, September 3rd. BidaskClub lowered shares of CIRCOR International from a hold rating to a sell rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of CIRCOR International from a strong sell rating to a hold rating in a research report on Monday, July 17th. Finally, Seaport Global Securities lowered 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 research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $64.00.
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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