Circor International Inc. (NYSE:CIR) – Stock analysts at SunTrust Banks reduced their Q3 2016 EPS estimates for Circor International in a research note issued to investors on Friday. SunTrust Banks analyst C. Brady now anticipates that the firm will post earnings of $0.42 per share for the quarter, down from their prior estimate of $0.55. SunTrust Banks also issued estimates for Circor International’s Q4 2016 earnings at $0.47 EPS.
Several other brokerages have also recently weighed in on CIR. Zacks Investment Research cut Circor International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. KeyCorp started coverage on Circor International in a research note on Tuesday, September 20th. They set a “sector weight” rating on the stock. Finally, Stifel Nicolaus dropped their price objective on Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.50.
Shares of Circor International (NYSE:CIR) opened at 49.81 on Monday. Circor International has a 52-week low of $32.79 and a 52-week high of $62.87. The company’s 50-day moving average is $57.73 and its 200 day moving average is $55.88. The company has a market cap of $818.03 million, a PE ratio of 122.99 and a beta of 1.39.
Circor International (NYSE:CIR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business earned $146.40 million during the quarter, compared to analysts’ expectations of $144.01 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. Circor International’s revenue was down 12.3% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in the company. PineBridge Investments L.P. raised its stake in shares of Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares during the period. Arizona State Retirement System raised its stake in shares of Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock valued at $487,000 after buying an additional 200 shares during the period. California Public Employees Retirement System raised its stake in shares of Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock valued at $1,100,000 after buying an additional 400 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Circor International by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,405 shares of the company’s stock valued at $2,617,000 after buying an additional 506 shares during the period. Finally, Teachers Advisors Inc. raised its stake in shares of Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares during the period.
In related news, Director Douglas M. Hayes sold 3,000 shares of Circor International stock in a transaction dated 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 approximately $890,390.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.
Circor International Company Profile
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).
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