CIRCOR International (NYSE:CIR) announced its quarterly earnings data on Monday. The industrial products company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01), Briefing.com reports. CIRCOR International had a positive return on equity of 6.57% and a negative net margin of 1.43%. The company had revenue of $297.50 million for the quarter, compared to analyst estimates of $296.49 million. During the same period last year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 86.3% on a year-over-year basis. CIRCOR International updated its Q4 guidance to $0.53-0.63 EPS.
CIR stock opened at $35.12 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.34 and a current ratio of 2.31. The stock has a market cap of $666.51 million, a price-to-earnings ratio of 20.54 and a beta of 2.15. CIRCOR International has a 1-year low of $30.73 and a 1-year high of $54.89.
A number of equities research analysts recently commented on the company. Zacks Investment Research cut CIRCOR International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Citigroup assumed coverage on CIRCOR International in a research note on Tuesday, August 21st. They set a “neutral” rating and a $50.00 price objective for the company. ValuEngine raised CIRCOR International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, KeyCorp decreased their price objective on CIRCOR International from $53.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.00.
CIRCOR International Company Profile
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. 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.
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