CIRCOR International (CIR) Releases Earnings Results, Beats Expectations By $0.11 EPS

CIRCOR International (CIR) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.41. The company posted revenue of $150.80 million in the period, compared to analysts expectations of $137.74 million. The company’s revenue was down -9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on CIRCOR International. CIRCOR International was Downgraded by Sun Trust Rbsn Humphrey to ” Reduce” on Apr 14, 2016. Seaport Global Securities Downgraded CIRCOR International on Mar 9, 2016 to ” Neutral”, Price Target of the shares are set at $39.

CIRCOR International opened for trading at $48.64 and hit $49.165 on the upside on Wednesday, eventually ending the session at $48.55, with a gain of 0.14% or 0.07 points. The heightened volatility saw the trading volume jump to 75,710 shares. Company has a market cap of $795 M.

In a different news, on Mar 7, 2016, Alan J Glass (VP,General Counsel & Secretary) sold 3,384 shares at $42.66 per share price. According to the SEC, on May 4, 2015, John Kober (VP, Controller & Treasurer) sold 2,090 shares at $55.80 per share price.

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 manages a portfolio of flow control and actuation products sub-systems and technologies. It operates around 19 manufacturing facilities that are located in the United States Western Europe Morocco India Brazil and the People’s Republic of China. The Company operates in two segments: CIRCOR Energy (Energy) and CIRCOR Aerospace & Defense (Aerospace & Defense). Energy segment is a provider of engineered integrated flow control solutions valves and services. Its Aerospace & Defense segment focuses on actuation systems and fluid control systems (electromechanical pneumatic and hydraulic). The Company sells its products through approximately 800 distributors or representatives and directly to end-use customers.

CIRCOR International

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