Circor International Inc. (NYSE:CIR) – Investment analysts at Gabelli lowered their FY2017 earnings per share estimates for shares of Circor International in a research report issued to clients and investors on Friday. Gabelli analyst J. Foung now forecasts that the firm will post earnings per share of $2.65 for the year, down from their prior forecast of $2.75. Gabelli also issued estimates for Circor International’s FY2018 earnings at $3.05 EPS.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Circor International from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Stifel Nicolaus upped their price objective on shares of Circor International from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday. SunTrust Banks Inc. upgraded shares of Circor International from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $46.00 to $55.00 in a research report on Friday, October 14th. Finally, KeyCorp upgraded shares of Circor International from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research report on Monday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Circor International currently has an average rating of “Buy” and an average target price of $55.20.
Shares of Circor International (NYSE:CIR) traded up 2.34% during trading on Monday, hitting $56.04. 58,212 shares of the stock were exchanged. The stock has a market cap of $920.35 million, a P/E ratio of 138.37 and a beta of 1.39. The firm’s 50 day moving average price is $56.08 and its 200-day moving average price is $56.02. Circor International has a 52 week low of $32.79 and a 52 week high of $62.87.
Circor International (NYSE:CIR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $146.40 million for the quarter, compared to analysts’ expectations of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share.
A number of institutional investors have recently made changes to their positions in CIR. Emerald Acquisition Ltd. acquired a new position in shares of Circor International during the second quarter valued at about $6,017,000. Bank of New York Mellon Corp boosted its position in shares of Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock valued at $20,953,000 after buying an additional 60,403 shares during the period. EAM Investors LLC acquired a new position in shares of Circor International during the second quarter valued at about $3,387,000. Netols Asset Management Inc. boosted its position in shares of Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock valued at $6,556,000 after buying an additional 42,709 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares during the period.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $890,390.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.
About Circor International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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