Circor International Inc. Expected to Earn Q3 2016 Earnings of $0.43 Per Share (CIR)
Circor International Inc. (NYSE:CIR) – Stock analysts at KeyCorp reduced their Q3 2016 earnings per share (EPS) estimates for shares of Circor International in a research report issued on Thursday. KeyCorp analyst J. Hammond now forecasts that the brokerage will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.53. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Circor International’s Q4 2016 earnings at $0.47 EPS and FY2016 earnings at $1.95 EPS.
Circor International (NYSE:CIR) last released its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The company earned $146.40 million during the quarter, compared to the consensus estimate of $144.01 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue was down 12.3% compared to the same quarter last year.
CIR has been the subject of several other research reports. Zacks Investment Research lowered Circor International from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Stifel Nicolaus decreased their price objective on Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.50.
Circor International (NYSE:CIR) opened at 48.14 on Monday. The stock has a 50 day moving average price of $58.07 and a 200 day moving average price of $55.70. The firm has a market cap of $790.60 million, a P/E ratio of 118.86 and a beta of 1.39. Circor International has a 1-year low of $32.79 and a 1-year high of $62.87.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors L.L.C. increased its stake in shares of Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares during the period. TIAA CREF Investment Management LLC increased 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 worth $2,617,000 after buying an additional 506 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Circor International during the second quarter worth about $6,017,000.
In other Circor International 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 transaction of $183,510.00. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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