KeyCorp Weighs in on CIRCOR International, Inc.’s Q2 2019 Earnings (NYSE:CIR)

CIRCOR International, Inc. (NYSE:CIR) – Investment analysts at KeyCorp upped their Q2 2019 earnings per share estimates for shares of CIRCOR International in a research report issued to clients and investors on Monday, June 24th, Zacks Investment Research reports. KeyCorp analyst J. Hammond now forecasts that the industrial products company will post earnings of $0.46 per share for the quarter, up from their prior forecast of $0.44. KeyCorp also issued estimates for CIRCOR International’s Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.23 EPS.

A number of other analysts have also weighed in on CIR. ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a report on Tuesday. Sidoti upgraded shares of CIRCOR International from a “neutral” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. TheStreet cut shares of Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Finally, Citigroup cut shares of Apergy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.00.

Shares of CIRCOR International stock traded up $0.96 during trading on Wednesday, hitting $38.10. The stock had a trading volume of 772,121 shares, compared to its average volume of 202,185. The stock has a market capitalization of $763.80 million, a price-to-earnings ratio of 18.06 and a beta of 2.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.43 and a current ratio of 2.31. CIRCOR International has a 12 month low of $19.73 and a 12 month high of $48.70. The company’s 50-day moving average price is $44.43.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.38 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.38. CIRCOR International had a positive return on equity of 7.62% and a negative net margin of 2.59%. The firm had revenue of $270.40 million for the quarter, compared to analyst estimates of $257.09 million. During the same quarter last year, the company earned $0.40 EPS. The company’s revenue was down 1.9% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of CIR. Rhumbline Advisers lifted its stake in shares of CIRCOR International by 18.5% during the fourth quarter. Rhumbline Advisers now owns 54,522 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 8,495 shares during the period. Oregon Public Employees Retirement Fund bought a new position in CIRCOR International in the fourth quarter valued at approximately $161,000. United Services Automobile Association lifted its position in shares of CIRCOR International by 1.0% in the fourth quarter. United Services Automobile Association now owns 171,943 shares of the industrial products company’s stock valued at $3,662,000 after buying an additional 1,770 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CIRCOR International by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 195,136 shares of the industrial products company’s stock valued at $4,156,000 after buying an additional 8,705 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in CIRCOR International by 345.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 4,300 shares during the last quarter.

About CIRCOR International

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.

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

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