CIRCOR International (NYSE:CIR) Issues Earnings Results, Misses Estimates By $0.01 EPS

CIRCOR International (NYSE:CIR) issued its quarterly earnings data on Thursday. The industrial products company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01), Briefing.com reports. CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. The company had revenue of $269.61 million for the quarter, compared to the consensus estimate of $277.06 million. During the same quarter last year, the company earned $0.57 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. CIRCOR International updated its Q3 guidance to $0.52-0.60 EPS.

CIR stock traded down $1.21 during trading on Friday, hitting $37.72. The company had a trading volume of 259,058 shares, compared to its average volume of 383,441. The stock has a market cap of $774.74 million, a price-to-earnings ratio of 17.88 and a beta of 2.09. CIRCOR International has a 52-week low of $19.73 and a 52-week high of $48.70. The firm has a 50 day moving average of $42.88. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.24 and a quick ratio of 1.43.

A number of hedge funds and other institutional investors have recently bought and sold shares of CIR. Geode Capital Management LLC lifted its stake in CIRCOR International by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 195,136 shares of the industrial products company’s stock valued at $4,156,000 after acquiring an additional 8,705 shares during the period. Teton Advisors Inc. increased its holdings in shares of CIRCOR International by 7.4% during the 1st quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock valued at $8,704,000 after purchasing an additional 18,346 shares in the last quarter. Norges Bank purchased a new position in shares of CIRCOR International during the 4th quarter valued at approximately $4,219,000. SG Americas Securities LLC purchased a new position in shares of CIRCOR International during the 1st quarter valued at approximately $242,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of CIRCOR International by 3.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,893,852 shares of the industrial products company’s stock valued at $61,740,000 after purchasing an additional 71,240 shares in the last quarter.

A number of analysts have commented on CIR shares. Sidoti raised shares of CIRCOR International from a “neutral” rating to a “buy” rating in a report on Thursday, July 18th. Zacks Investment Research upgraded shares of CIRCOR International from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Tuesday, June 25th. Citigroup dropped their target price on shares of CIRCOR International from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday. ValuEngine lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Finally, TheStreet upgraded shares of CIRCOR International from a “d+” rating to a “c-” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. CIRCOR International currently has an average rating of “Buy” and a consensus target price of $44.25.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. 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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Earnings History for CIRCOR International (NYSE:CIR)

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