CIRCOR International, Inc. (NYSE:CIR) announced its earnings results on Friday. The industrial products company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.07, Bloomberg Earnings reports. CIRCOR International had a net margin of 1.88% and a return on equity of 7.21%. The business had revenue of $151.20 million for the quarter, compared to the consensus estimate of $158.09 million. During the same period in the prior year, the business posted $0.53 EPS. CIRCOR International’s revenue for the quarter was up 3.1% on a year-over-year basis.
Shares of CIRCOR International (NYSE CIR) traded down 8.30% during midday trading on Friday, hitting $52.07. 236,245 shares of the company traded hands. The stock has a market capitalization of $858.84 million, a P/E ratio of 77.83 and a beta of 1.69. The company has a 50-day moving average price of $59.73 and a 200-day moving average price of $61.39. CIRCOR International has a 52 week low of $48.11 and a 52 week high of $72.96.
A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its stake in CIRCOR International by 1.2% in the first quarter. Arizona State Retirement System now owns 8,538 shares of the industrial products company’s stock worth $507,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in CIRCOR International by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 59,177 shares of the industrial products company’s stock worth $3,517,000 after buying an additional 236 shares during the last quarter. Comerica Bank boosted its stake in CIRCOR International by 1.8% in the first quarter. Comerica Bank now owns 18,305 shares of the industrial products company’s stock worth $1,190,000 after buying an additional 317 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in CIRCOR International by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 98,776 shares of the industrial products company’s stock worth $5,871,000 after buying an additional 470 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in CIRCOR International by 9.2% in the second quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock worth $409,000 after buying an additional 579 shares during the last quarter.
A number of equities analysts have weighed in on CIR shares. Stifel Nicolaus raised shares of CIRCOR International from a “hold” rating to a “buy” rating and decreased their target price for the company from $74.00 to $68.00 in a research note on Monday, April 17th. Sidoti raised shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Seaport Global Securities downgraded shares of CIRCOR International from a “neutral” rating to a “sell” rating and decreased their target price for the company from $70.00 to $60.00 in a research note on Wednesday, June 21st. ValuEngine raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of CIRCOR International from a “hold” rating to a “strong sell” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.00.
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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