CIRCOR International, Inc. (NYSE:CIR) declared a quarterly dividend on Monday, August 7th, Fidelity reports. Shareholders of record on Wednesday, August 16th will be given a dividend of 0.0375 per share by the industrial products company on Wednesday, August 30th. This represents a $0.15 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Monday, August 14th.
CIRCOR International has a dividend payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CIRCOR International to earn $2.41 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 6.2%.
CIRCOR International (CIR) traded down 0.61% during trading on Friday, reaching $47.47. 51,835 shares of the company’s stock were exchanged. CIRCOR International has a 1-year low of $47.12 and a 1-year high of $72.96. The company’s 50-day moving average is $54.15 and its 200-day moving average is $60.04. The company has a market capitalization of $783.21 million, a PE ratio of 48.74 and a beta of 1.66.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.07. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $158.09 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts expect that CIRCOR International will post $1.72 earnings per share for the current fiscal year.
CIR has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of CIRCOR International from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of CIRCOR International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Seaport Global Securities downgraded shares of CIRCOR International from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $70.00 to $60.00 in a research note on Wednesday, June 21st. Finally, Sidoti raised shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $65.83.
About CIRCOR International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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