CIRCOR International, Inc. (CIR) to Issue Dividend of $0.04
CIRCOR International, Inc. (NYSE:CIR) declared a dividend on Monday, August 7th, Fidelity reports. Stockholders of record on Wednesday, August 16th will be paid a dividend of 0.0375 per share by the industrial products company on Wednesday, August 30th. The ex-dividend date is Monday, August 14th.
CIRCOR International has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CIRCOR International to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 6.4%.
CIRCOR International (CIR) opened at 49.80 on Tuesday. The stock has a market cap of $821.65 million, a price-to-earnings ratio of 51.13 and a beta of 1.66. The stock’s 50 day moving average price is $58.77 and its 200-day moving average price is $61.20. CIRCOR International has a 12 month low of $48.11 and a 12 month high of $72.96.
CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.07. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The company had revenue of $151.20 million for the quarter, compared to analyst estimates of $158.09 million. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts expect that CIRCOR International will post $1.72 EPS for the current year.
Several research firms recently weighed in on CIR. Stifel Nicolaus upped their price target on shares of CIRCOR International from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Zacks Investment Research cut shares of CIRCOR International from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Sidoti raised shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, June 22nd. They noted that the move was a valuation call. SunTrust Banks, Inc. raised shares of CIRCOR International from a “hold” rating to a “buy” rating and dropped their price objective for the company from $65.00 to $60.00 in a research note on Tuesday, August 1st. Finally, BidaskClub cut shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.83.
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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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