SunTrust Banks Weighs in on CIRCOR International, Inc.’s FY2018 Earnings (CIR)
CIRCOR International, Inc. (NYSE:CIR) – Investment analysts at SunTrust Banks boosted their FY2018 earnings estimates for shares of CIRCOR International in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $2.50 per share for the year, up from their prior estimate of $2.32. SunTrust Banks also issued estimates for CIRCOR International’s FY2019 earnings at $2.92 EPS.
A number of other equities analysts also recently commented on CIR. Zacks Investment Research downgraded shares of CIRCOR International from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp restated a “hold” rating on shares of CIRCOR International in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price objective on shares of CIRCOR International in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $60.00.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The company had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. CIRCOR International’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in CIR. Piedmont Investment Advisors LLC purchased a new position in shares of CIRCOR International in the 2nd quarter valued at about $212,000. Thrivent Financial For Lutherans increased its holdings in shares of CIRCOR International by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 2,480 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of CIRCOR International by 454.0% in the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 2,470 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of CIRCOR International by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 2,320 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of CIRCOR International in the 3rd quarter valued at about $121,000.
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CIRCOR International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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