Q3 2016 EPS Estimates for Circor International Inc. Decreased by SunTrust Banks (CIR)
Circor International Inc. (NYSE:CIR) – Investment analysts at SunTrust Banks lowered their Q3 2016 EPS estimates for shares of Circor International in a research note issued on Friday. SunTrust Banks analyst C. Brady now forecasts that the brokerage will earn $0.42 per share for the quarter, down from their prior forecast of $0.55. SunTrust Banks also issued estimates for Circor International’s Q4 2016 earnings at $0.47 EPS.
Circor International (NYSE:CIR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The company earned $146.40 million during the quarter, compared to analyst estimates of $144.01 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was down 12.3% on a year-over-year basis.
A number of other analysts have also recently commented on CIR. Zacks Investment Research raised Circor International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. KeyCorp began coverage on Circor International in a research report on Tuesday, September 20th. They set a “sector weight” rating for the company. Finally, Stifel Nicolaus lowered their price target on 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Circor International presently has a consensus rating of “Hold” and a consensus price target of $49.50.
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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 company has a market capitalization of $790.60 million, a price-to-earnings ratio of 118.86 and a beta of 1.39. The company’s 50-day moving average price is $58.07 and its 200-day moving average price is $55.70.
In related news, Director Douglas M. Hayes sold 3,000 shares of Circor International stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $61.17, for a total value of $183,510.00. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at approximately $890,390.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in CIR. PineBridge Investments L.P. raised its position 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 valued at $119,000 after buying an additional 146 shares in the last quarter. BNP Paribas Arbitrage SA raised its position 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 valued at $308,000 after buying an additional 2,767 shares in the last quarter. Arizona State Retirement System raised its position 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 valued at $487,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its position 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 valued at $770,000 after buying an additional 2,100 shares in the last quarter. Finally, California Public Employees Retirement System raised its position 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 valued at $1,100,000 after buying an additional 400 shares in the last quarter.
Circor International Company Profile
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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