CIRCOR International, Inc. (NYSE:CIR) – Analysts at KeyCorp reduced their Q4 2018 EPS estimates for CIRCOR International in a research note issued to investors on Sunday, July 8th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.76. KeyCorp currently has a “Overweight” rating and a $53.00 target price on the stock.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised CIRCOR International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 8th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.50.
Shares of CIRCOR International opened at $39.90 on Wednesday, Marketbeat.com reports. CIRCOR International has a 52-week low of $35.16 and a 52-week high of $59.82. The company has a market capitalization of $783.74 million, a P/E ratio of 22.08 and a beta of 1.75. The company has a current ratio of 2.04, a quick ratio of 1.24 and a debt-to-equity ratio of 1.38.
CIRCOR International (NYSE:CIR) last announced its earnings results on Tuesday, May 1st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.08. CIRCOR International had a positive return on equity of 6.05% and a negative net margin of 1.32%. The business had revenue of $275.58 million for the quarter, compared to analyst estimates of $270.56 million. During the same quarter last year, the firm earned $0.32 EPS. CIRCOR International’s revenue for the quarter was up 89.8% compared to the same quarter last year.
Several large investors have recently bought and sold shares of CIR. Miles Capital Inc. acquired a new position in shares of CIRCOR International during the 1st quarter worth approximately $217,000. MetLife Investment Advisors LLC acquired a new position in shares of CIRCOR International during the 4th quarter worth approximately $355,000. California Public Employees Retirement System increased its position in shares of CIRCOR International by 41.8% during the 1st quarter. California Public Employees Retirement System now owns 16,591 shares of the industrial products company’s stock worth $708,000 after purchasing an additional 4,891 shares during the last quarter. Arizona State Retirement System increased its position in shares of CIRCOR International by 224.8% during the 4th quarter. Arizona State Retirement System now owns 27,732 shares of the industrial products company’s stock worth $1,350,000 after purchasing an additional 19,194 shares during the last quarter. Finally, Kennedy Capital Management Inc. acquired a new position in shares of CIRCOR International during the 4th quarter worth approximately $1,727,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.
CIRCOR International Company Profile
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices, and fluid catalytic converter and isolation valves.
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