Q2 2018 EPS Estimates for CIRCOR International, Inc. (CIR) Lowered by SunTrust Banks
CIRCOR International, Inc. (NYSE:CIR) – SunTrust Banks reduced their Q2 2018 earnings estimates for shares of CIRCOR International in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will earn $0.48 per share for the quarter, down from their prior estimate of $0.58.
Several other equities research analysts have also recently weighed in on CIR. KeyCorp reaffirmed a “hold” rating on shares of CIRCOR International in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective on shares of CIRCOR International in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. CIRCOR International has an average rating of “Hold” and an average price target of $60.00.
Shares of CIRCOR International (NYSE CIR) opened at $52.43 on Friday. The stock has a market cap of $865.12, a PE ratio of 56.99 and a beta of 1.59. CIRCOR International has a 52-week low of $42.25 and a 52-week 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.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The company had revenue of $159.70 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.46 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of CIR. SG Americas Securities LLC bought a new stake in CIRCOR International during the third quarter worth about $121,000. Quantbot Technologies LP lifted its position in CIRCOR International by 454.0% during the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 2,470 shares during the period. Piedmont Investment Advisors LLC bought a new stake in CIRCOR International during the second quarter worth about $212,000. Municipal Employees Retirement System of Michigan lifted its position in CIRCOR International by 59.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 2,320 shares during the period. Finally, California Public Employees Retirement System lifted its position in CIRCOR International by 2.3% during the second quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock worth $808,000 after purchasing an additional 300 shares during the period.
About CIRCOR International
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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