[The Fly] CIRCOR International, Inc. (NYSE:CIR) (TREND ANALYSIS) sees quoting activity and order activity declines in 2015. The activity is tied to rig counts, which has dropped by 30% in the past few months. The company says the lower revenue is also impacted by lower end customer demand and distributor destocking. The orders are affected by lower CapEx spending, down 20% in 2015. Expects to complete restructuring actions by the end of Q2. Comments taken from Q4 earnings conference call.
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CIRCOR International, Inc. (CIR) reported last quarter earnings on Wednesday, February 18. The company announced earning per share of $1.08 against a consensus Street estimate of $1.06, beating the average estimate by $0.02. This corresponds to an increase of $0.25 compared to the same quarter of the previous fiscal year.
CIRCOR International, Inc. (NYSE:CIR) is currently trading 38.19% below its 52-week-high, 8.51% above its 52-week-low. The 1-year range for the stock is $47.35 – $83.13. CIRCOR International, Inc. (CIR) has a price to earnings ratio of 18.98 versus S&P 500 average of 17.42. The stock price has underperformed the S&P 500 by 13.7%. CIR is currently valued at $0.91 billion and closed the last trading session at $53.36. The stock has a 50-day moving average of $52.57 and a 200-day moving average of $63.79.
CIRCOR International, Inc. (CIR) current short interest stands at 7.01 millions shares. It has increased by 9% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.12 millions shares, the number of days required to cover the short positions stand at 6.1 days.
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There are currently six analysts that cover CIR. Of those six, three have a Buy rating, three have a Hold rating. On a consensus basis this yields to a Overweight rating. The consensus target price stands at $65.33.
A recent analyst activity consisted of Stifel downgrading their Buy rating to Hold on January 14. On the date of report, the stock closed at $49.44.
Another research firm was BB&T Capital Mkts who downgraded their Buy rating to Hold on December 4. On the date of report, the stock closed at $60.61.
Company profile
CIRCOR International, Inc. designs, manufactures and markets highly engineered products and sub-systems 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 that enable it to fulfill its customers’ unique application needs. The Company has a global presence and operates 20 major manufacturing facilities that are located in the United States, Western Europe, Morocco, India, Brazil and the People’s Republic of China. The Company has two reporting segments: CIRCOR Energy and CIRCOR Aerospace and Defense. The Company sells its products through approximately 950 distributors or representatives and directly to end-use customers.
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