CIRCOR International (NYSE:CIR – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.07-$1.34 for the period, compared to the consensus earnings per share estimate of $1.45. The company issued revenue guidance of $757.00 million-$777.00 million, compared to the consensus revenue estimate of $761.07 million.
CIRCOR International Price Performance
CIR stock opened at $17.75 on Monday. The firm has a 50 day moving average of $17.09 and a 200-day moving average of $18.01. CIRCOR International has a 12-month low of $13.26 and a 12-month high of $36.48. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 5.03.
CIRCOR International (NYSE:CIR – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. CIRCOR International had a negative net margin of 5.80% and a positive return on equity of 20.49%. The company had revenue of $204.92 million during the quarter. As a group, research analysts expect that CIRCOR International will post 1.25 EPS for the current year.
Analyst Upgrades and Downgrades
CIR has been the subject of a number of recent research reports. Citigroup raised their price objective on shares of CIRCOR International from $19.00 to $21.00 and gave the stock a neutral rating in a research note on Thursday, August 18th. KeyCorp dropped their price objective on shares of CIRCOR International from $37.00 to $27.00 and set an overweight rating for the company in a research note on Thursday, August 11th. Finally, StockNews.com initiated coverage on shares of CIRCOR International in a research note on Wednesday, October 12th. They set a hold rating for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $28.00.
Institutional Trading of CIRCOR International
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its stake in CIRCOR International by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,063,158 shares of the industrial products company’s stock worth $28,301,000 after acquiring an additional 58,404 shares during the period. Gabelli Funds LLC grew its stake in CIRCOR International by 12.1% in the 1st quarter. Gabelli Funds LLC now owns 452,700 shares of the industrial products company’s stock worth $12,051,000 after acquiring an additional 48,700 shares during the period. Millennium Management LLC grew its stake in CIRCOR International by 2,620.3% in the 2nd quarter. Millennium Management LLC now owns 233,644 shares of the industrial products company’s stock worth $3,829,000 after acquiring an additional 225,055 shares during the period. Teton Advisors Inc. grew its stake in shares of CIRCOR International by 21.3% during the 1st quarter. Teton Advisors Inc. now owns 64,266 shares of the industrial products company’s stock valued at $1,711,000 after buying an additional 11,300 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of CIRCOR International by 5.3% during the 1st quarter. Rhumbline Advisers now owns 52,271 shares of the industrial products company’s stock valued at $1,391,000 after buying an additional 2,648 shares during the period. 94.50% of the stock is owned by hedge funds and other institutional investors.
About CIRCOR International
CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products in Europe, the Middle East, Africa, North America, and internationally. The company has a product portfolio of brands serving its customers’ demanding applications. It operates through two segments, Aerospace & Defense and Industrial.
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