Analysts forecast that CIRCOR International, Inc. (NYSE:CIR) will report $283.57 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CIRCOR International’s earnings. The highest sales estimate is $285.70 million and the lowest is $280.80 million. CIRCOR International reported sales of $151.23 million during the same quarter last year, which indicates a positive year over year growth rate of 87.5%. The company is expected to issue its next quarterly earnings results on Friday, July 27th.
According to Zacks, analysts expect that CIRCOR International will report full-year sales of $1.16 billion for the current fiscal year. For the next year, analysts expect that the business will report sales of $1.21 billion per share, with estimates ranging from $1.20 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow CIRCOR International.
Get CIRCOR International alerts:CIRCOR International (NYSE:CIR) last issued its earnings results on Tuesday, May 1st. The industrial products company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $275.58 million during the quarter, compared to analyst estimates of $270.56 million. CIRCOR International had a positive return on equity of 6.05% and a negative net margin of 1.32%. CIRCOR International’s revenue was up 89.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share.
A number of research analysts recently commented on the company. ValuEngine upgraded CIRCOR International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 8th. Zacks Investment Research lowered CIRCOR International from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. SunTrust Banks restated a “buy” rating and issued a $56.00 target price on shares of CIRCOR International in a research note on Friday, March 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $54.00 price target (down from $61.00) on shares of CIRCOR International in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.50.
Shares of NYSE CIR traded down $1.01 during trading hours on Monday, reaching $48.36. The stock had a trading volume of 96,827 shares, compared to its average volume of 109,972. The company has a current ratio of 2.04, a quick ratio of 1.24 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $979.01 million, a price-to-earnings ratio of 28.28 and a beta of 1.70. CIRCOR International has a twelve month low of $39.84 and a twelve month high of $68.76.
A number of large investors have recently made changes to their positions in CIR. Miles Capital Inc. bought a new stake in shares of CIRCOR International during the first quarter worth $217,000. MetLife Investment Advisors LLC bought a new stake in shares of CIRCOR International during the fourth quarter worth $355,000. California Public Employees Retirement System grew its holdings in shares of CIRCOR International by 41.8% during the first quarter. California Public Employees Retirement System now owns 16,591 shares of the industrial products company’s stock worth $708,000 after purchasing an additional 4,891 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of CIRCOR International by 22.0% during the fourth quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock worth $1,153,000 after purchasing an additional 4,281 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of CIRCOR International by 224.8% during the fourth quarter. Arizona State Retirement System now owns 27,732 shares of the industrial products company’s stock worth $1,350,000 after purchasing an additional 19,194 shares during the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.
CIRCOR International Company Profile
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. 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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