Circor International Inc. (CIR) Releases Q4 Earnings Guidance
Circor International Inc. (NYSE:CIR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.88-$0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.76, Analyst Ratings Network reports. The company issued revenue guidance of $222-228 million, compared to the consensus revenue estimate of $216.06 million.
Circor International Inc. (NYSE:CIR) traded up 9.72% during mid-day trading on Thursday, hitting $68.96. The stock had a trading volume of 151,028 shares. Circor International Inc. has a 1-year low of $31.61 and a 1-year high of $61.92. The stock’s 50-day moving average is $62.62 and its 200-day moving average is $55.14. The company has a market cap of $1.212 billion and a P/E ratio of 34.88.
Circor International (NYSE:CIR) last released its earnings data on Thursday, October 31st. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.13. The company had revenue of $214.73 million for the quarter, compared to the consensus estimate of $216.09 million. During the same quarter last year, the company posted $0.76 earnings per share. Circor International’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Circor International Inc. will post $2.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.04 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.24%.
A number of research firms have recently commented on CIR. Analysts at Zacks downgraded shares of Circor International from an outperform rating to a neutral rating in a research note to investors on Tuesday, October 8th. They now have a $65.30 price target on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of Circor International from $65.00 to $75.00 in a research note to investors on Wednesday, September 18th. They now have a buy rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $61.83.
CIRCOR International, Inc designs , manufactures and markets valves and other engineered products and sub-systems used in the energy, aerospace, power generation and other industrial markets.
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