CIRCOR International (NYSE:CIR) Issues Earnings Results, Beats Expectations By $0.16 EPS
CIRCOR International (NYSE:CIR) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.16, Briefing.com reports. CIRCOR International had a positive return on equity of 7.47% and a negative net margin of 4.81%. The business had revenue of $237.10 million for the quarter, compared to analysts’ expectations of $251.93 million. During the same period in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. CIRCOR International updated its Q4 guidance to $0.78-0.88 EPS.
CIR stock traded up $0.77 during mid-day trading on Friday, reaching $42.27. 123,995 shares of the company traded hands, compared to its average volume of 186,055. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.24 and a quick ratio of 1.35. The company has a market capitalization of $795.20 million, a P/E ratio of 20.03 and a beta of 2.12. CIRCOR International has a 52-week low of $19.73 and a 52-week high of $47.80. The company has a fifty day moving average price of $37.65 and a 200-day moving average price of $38.59.
A number of brokerages recently issued reports on CIR. Stifel Nicolaus upgraded CIRCOR International from a “hold” rating to a “buy” rating and lowered their price objective for the company from $50.00 to $47.00 in a research note on Sunday, August 4th. ValuEngine cut CIRCOR International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 29th. KeyCorp restated a “hold” rating on shares of CIRCOR International in a research note on Monday, August 26th. Peel Hunt restated a “buy” rating on shares of CIRCOR International in a research note on Monday, October 21st. Finally, Zacks Investment Research raised CIRCOR International from a “sell” rating to a “strong-buy” rating and set a $46.00 target price for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. CIRCOR International has an average rating of “Buy” and a consensus target price of $46.67.
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices and fluid catalytic converter and isolation valves.
Recommended Story: Stock Split
Receive News & Ratings for CIRCOR International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIRCOR International and related companies with MarketBeat.com's FREE daily email newsletter.