CIRCOR International, Inc. (NYSE:CIR) – Research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for CIRCOR International in a research note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst J. Hammond expects that the industrial products company will post earnings per share of $0.32 for the quarter. KeyCorp also issued estimates for CIRCOR International’s FY2018 earnings at $2.35 EPS.
CIRCOR International (NYSE:CIR) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. CIRCOR International had a return on equity of 6.06% and a net margin of 1.78%. The company had revenue of $205.58 million during the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis.
Several other analysts have also issued reports on CIR. Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price objective (down from $61.00) on shares of CIRCOR International in a report on Thursday, March 1st. Zacks Investment Research lowered CIRCOR International from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. SunTrust Banks reiterated a “buy” rating and set a $56.00 price objective on shares of CIRCOR International in a report on Friday, March 2nd. Finally, ValuEngine lowered CIRCOR International from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Three equities research 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. CIRCOR International currently has an average rating of “Hold” and an average price target of $59.50.
Shares of CIRCOR International (CIR) traded down $0.25 during trading hours on Monday, hitting $44.76. The company had a trading volume of 106,694 shares, compared to its average volume of 123,093. The company has a current ratio of 1.98, a quick ratio of 1.22 and a debt-to-equity ratio of 1.31. CIRCOR International has a twelve month low of $41.50 and a twelve month high of $68.76. The stock has a market capitalization of $903.16, a price-to-earnings ratio of 61.64 and a beta of 1.67.
A number of institutional investors have recently bought and sold shares of CIR. SG Americas Securities LLC acquired a new position in CIRCOR International during the third quarter worth $121,000. Municipal Employees Retirement System of Michigan increased its position in CIRCOR International by 59.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after buying an additional 2,320 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in CIRCOR International during the fourth quarter worth $355,000. California Public Employees Retirement System increased its position in CIRCOR International by 2.3% during the second quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock worth $808,000 after buying an additional 300 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in CIRCOR International by 22.0% during the fourth quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock worth $1,153,000 after buying an additional 4,281 shares during the last quarter. 87.37% of the stock is currently owned by hedge funds and other institutional investors.
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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