Circor International Inc. Expected to Earn Q3 2016 Earnings of $0.43 Per Share (CIR)
Circor International Inc. (NYSE:CIR) – Research analysts at KeyCorp decreased their Q3 2016 earnings per share estimates for shares of Circor International in a note issued to investors on Thursday. KeyCorp analyst J. Hammond now forecasts that the firm will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.53. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Circor International’s Q4 2016 earnings at $0.47 EPS and FY2016 earnings at $1.95 EPS.
Several other research analysts have also recently commented on CIR. Zacks Investment Research upgraded shares of Circor International from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, June 28th. Stifel Nicolaus decreased their target price on shares of Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.50.
Circor International (NYSE:CIR) opened at 48.14 on Monday. Circor International has a 52 week low of $32.79 and a 52 week high of $62.87. The stock’s 50 day moving average is $58.07 and its 200-day moving average is $55.70. The stock has a market capitalization of $790.60 million, a PE ratio of 118.86 and a beta of 1.39.
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Circor International (NYSE:CIR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business earned $146.40 million during the quarter, compared to analysts’ expectations of $144.01 million. During the same period last year, the company posted $0.55 EPS. The company’s revenue was down 12.3% on a year-over-year basis.
In other news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the completion of the sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of CIR. PineBridge Investments L.P. raised its stake in shares of Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock worth $119,000 after buying an additional 146 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock worth $487,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock worth $1,100,000 after buying an additional 400 shares in the last quarter.
About Circor International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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