CIRCOR International, Inc. (CIR) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
CIRCOR International, Inc. (NYSE:CIR) posted its quarterly earnings data on Friday. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03, Bloomberg Earnings reports. The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. CIRCOR International had a net margin of 2.74% and a return on equity of 6.55%. CIRCOR International’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS.
Shares of CIRCOR International (CIR) traded down 8.12% during mid-day trading on Friday, reaching $49.90. 368,385 shares of the company’s stock were exchanged. CIRCOR International has a 52-week low of $45.29 and a 52-week high of $72.96. The stock’s 50-day moving average is $52.87 and its 200-day moving average is $57.01. The stock has a market cap of $823.30 million, a price-to-earnings ratio of 51.23 and a beta of 1.64.
CIR has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 price objective on shares of CIRCOR International in a report on Friday, July 14th. BidaskClub downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. SunTrust Banks, Inc. raised shares of CIRCOR International from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $65.00 to $60.00 in a report on Tuesday, August 1st. Finally, KeyCorp reissued a “hold” rating on shares of CIRCOR International in a report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $65.25.
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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