CIRCOR International, Inc. (NYSE:CIR) – SunTrust Banks lifted their FY2018 earnings per share estimates for CIRCOR International in a note issued to investors on Tuesday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings per share of $2.50 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.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $154.65 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a research note on Sunday, October 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of CIRCOR International in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

CIRCOR International (NYSE CIR) traded up $0.98 during mid-day trading on Thursday, reaching $51.98. 73,100 shares of the company’s stock traded hands, compared to its average volume of 106,675. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58. CIRCOR International has a 12-month low of $42.25 and a 12-month high of $72.96. The company has a market capitalization of $836.25, a price-to-earnings ratio of 55.89 and a beta of 1.60.

Several institutional investors have recently added to or reduced their stakes in CIR. Teachers Advisors LLC grew its position in shares of CIRCOR International by 3.0% during the second quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock worth $1,769,000 after acquiring an additional 877 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of CIRCOR International by 1.8% during the second quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock worth $2,644,000 after acquiring an additional 783 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of CIRCOR International by 0.8% during the second quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock worth $5,142,000 after acquiring an additional 648 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of CIRCOR International by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock worth $6,012,000 after acquiring an additional 2,480 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of 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 acquiring an additional 300 shares during the last quarter.

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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)).

Earnings History and Estimates for CIRCOR International (NYSE:CIR)

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