Wall Street brokerages predict that CIRCOR International, Inc. (NYSE:CIR) will report $0.48 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CIRCOR International’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.46. CIRCOR International also reported earnings per share of $0.48 during the same quarter last year. The business is expected to issue its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that CIRCOR International will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.63. For the next year, analysts anticipate that the company will report earnings of $2.21 per share, with EPS estimates ranging from $2.10 to $2.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last released its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share.
A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. KeyCorp reaffirmed a “hold” rating on shares of CIRCOR International in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 target price on shares of CIRCOR International in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. CIRCOR International has a consensus rating of “Hold” and a consensus price target of $61.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of CIRCOR International in the 3rd quarter valued at about $121,000. Quantbot Technologies LP grew its position 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 bought a new position in shares of CIRCOR International in the 2nd quarter valued at about $212,000. Municipal Employees Retirement System of Michigan grew its position 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, Aperio Group LLC grew its position in shares of CIRCOR International by 9.2% in the 2nd quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after acquiring an additional 579 shares during the period.
CIRCOR International (CIR) opened at $48.49 on Thursday. The firm has a market cap of $762.82, a price-to-earnings ratio of 28.54 and a beta of 1.55. CIRCOR International has a 12-month low of $42.25 and a 12-month high of $72.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.20 and a quick ratio of 1.85.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Monday, November 27th. CIRCOR International’s dividend payout ratio (DPR) is presently 16.13%.
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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