CIRCOR International, Inc. (CIR) To Go Ex-Dividend on November 27th
CIRCOR International, Inc. (NYSE:CIR) announced a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Tuesday, November 28th will be given a dividend of 0.0375 per share by the industrial products company on Tuesday, December 12th. This represents a $0.15 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Monday, November 27th.
CIRCOR International has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect CIRCOR International to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 6.8%.
Shares of CIRCOR International (NYSE:CIR) opened at $46.23 on Friday. CIRCOR International has a 1-year low of $42.25 and a 1-year high of $72.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.20 and a quick ratio of 1.85. The firm has a market cap of $762.84, a P/E ratio of 28.54 and a beta of 1.55.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The firm had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. During the same quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. equities analysts expect that CIRCOR International will post 1.61 earnings per share for the current fiscal year.
Several analysts recently weighed in on the stock. BidaskClub downgraded shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of CIRCOR International from a “sell” rating to a “hold” rating in a report on Friday, September 29th. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a report on Tuesday, September 26th. SunTrust Banks, Inc. upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and dropped their target price for the company from $65.00 to $60.00 in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of CIRCOR International in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.00.
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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