Equities analysts expect that CIRCOR International, Inc. (NYSE:CIR) will announce sales of $277.25 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for CIRCOR International’s earnings, with the highest sales estimate coming in at $278.90 million and the lowest estimate coming in at $275.60 million. CIRCOR International posted sales of $301.37 million in the same quarter last year, which would indicate a negative year over year growth rate of 8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that CIRCOR International will report full year sales of $1.12 billion for the current financial year, with estimates ranging from $1.11 billion to $1.13 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover CIRCOR International.
CIRCOR International (NYSE:CIR) last announced its earnings results on Thursday, April 25th. The industrial products company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. CIRCOR International had a positive return on equity of 7.62% and a negative net margin of 2.59%. The business had revenue of $270.40 million during the quarter, compared to analysts’ expectations of $257.09 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year.
CIR has been the subject of a number of analyst reports. Sidoti lowered CIRCOR International from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 21st. ValuEngine lowered CIRCOR International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Finally, TheStreet upgraded CIRCOR International from a “d+” rating to a “c-” rating in a research report on Friday, May 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. CIRCOR International presently has a consensus rating of “Hold” and a consensus target price of $38.67.
A number of institutional investors have recently modified their holdings of the stock. Teton Advisors Inc. lifted its position in shares of CIRCOR International by 7.4% in the first quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock worth $8,704,000 after purchasing an additional 18,346 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of CIRCOR International by 3.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,893,852 shares of the industrial products company’s stock valued at $61,740,000 after purchasing an additional 71,240 shares during the last quarter. Comerica Bank increased its holdings in shares of CIRCOR International by 2.7% in the first quarter. Comerica Bank now owns 19,522 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 517 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of CIRCOR International in the first quarter valued at $242,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of CIRCOR International by 248.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 2,744 shares during the last quarter.
Shares of CIRCOR International stock traded up $0.22 during mid-day trading on Wednesday, reaching $45.01. 4,138 shares of the stock traded hands, compared to its average volume of 379,419. The company has a 50-day moving average price of $38.10. CIRCOR International has a fifty-two week low of $19.73 and a fifty-two week high of $48.70. The stock has a market capitalization of $891.24 million, a PE ratio of 21.34 and a beta of 2.12. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 1.42.
CIRCOR International Company Profile
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. 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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