Circor International Inc. (NYSE:CIR) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.41-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.53. The company issued revenue guidance of $133-135 million, compared to the consensus revenue estimate of $148.34 million.
Shares of Circor International Inc. (NYSE:CIR) opened at 48.14 on Monday. Circor International Inc. has a 12-month low of $32.79 and a 12-month high of $62.87. The stock’s 50 day moving average is $58.07 and its 200-day moving average is $55.70. The stock has a market cap of $790.60 million, a price-to-earnings ratio of 118.86 and a beta of 1.39.
Circor International (NYSE:CIR) last announced its earnings results on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $146.40 million for the quarter, compared to analyst estimates of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. Equities analysts anticipate that Circor International Inc. will post $2.19 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on CIR shares. Stifel Nicolaus lowered their target price on shares of Circor International from $68.00 to $61.00 and set a buy rating on the stock in a research report on Monday, August 1st. Zacks Investment Research upgraded shares of Circor International from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research report on Tuesday, June 28th. Finally, KeyCorp initiated coverage on shares of Circor International in a research report on Tuesday, September 20th. They issued a sector weight rating on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $49.50.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 14,556 shares of the company’s stock, valued at $890,390.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. increased its stake in Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock worth $1,481,000 after buying an additional 638 shares during the period. Netols Asset Management Inc. increased its stake in Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock worth $6,556,000 after buying an additional 42,709 shares during the period. Thrivent Financial for Lutherans increased its stake in Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock worth $5,560,000 after buying an additional 700 shares during the period. Parametric Portfolio Associates LLC increased its stake in Circor International by 122.6% in the second quarter. Parametric Portfolio Associates LLC now owns 37,191 shares of the company’s stock worth $2,120,000 after buying an additional 20,487 shares during the period. Finally, Arizona State Retirement System increased its stake in Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock worth $487,000 after buying an additional 200 shares during the period.
About Circor International
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).
Receive News & Ratings for Circor International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Circor International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.