Equities research analysts expect that CIRCOR International, Inc. (NYSE:CIR) will report sales of $257.55 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CIRCOR International’s earnings, with the lowest sales estimate coming in at $256.00 million and the highest estimate coming in at $259.10 million. CIRCOR International reported sales of $297.51 million in the same quarter last year, which would suggest a negative year over year growth rate of 13.4%. The company is expected to report its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that CIRCOR International will report full-year sales of $1.07 billion for the current fiscal year. For the next year, analysts expect that the business will post sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CIRCOR International.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The company had revenue of $269.61 million during the quarter, compared to analysts’ expectations of $277.06 million. CIRCOR International had a positive return on equity of 7.47% and a negative net margin of 4.81%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS.
CIR has been the subject of a number of research reports. Stifel Nicolaus upgraded CIRCOR International from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $50.00 to $47.00 in a research report on Sunday, August 4th. Citigroup decreased their price objective on CIRCOR International from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Sidoti upgraded CIRCOR International from a “neutral” rating to a “buy” rating in a research report on Thursday, July 18th. TheStreet upgraded CIRCOR International from a “d+” rating to a “c-” rating in a research report on Friday, May 31st. Finally, Zacks Investment Research upgraded CIRCOR International from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. CIRCOR International has an average rating of “Buy” and an average price target of $48.75.
Several institutional investors have recently made changes to their positions in CIR. Steward Partners Investment Advisory LLC acquired a new stake in shares of CIRCOR International during the 2nd quarter valued at about $31,000. Metropolitan Life Insurance Co. NY raised its stake in shares of CIRCOR International by 345.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 4,300 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of CIRCOR International by 248.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 2,744 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of CIRCOR International in the 2nd quarter valued at approximately $192,000. Finally, SG Americas Securities LLC bought a new position in shares of CIRCOR International in the 1st quarter valued at approximately $242,000.
NYSE CIR traded down $1.08 during trading on Tuesday, reaching $33.93. 227,884 shares of the company’s stock were exchanged, compared to its average volume of 193,008. CIRCOR International has a fifty-two week low of $19.73 and a fifty-two week high of $48.70. The firm has a market capitalization of $696.87 million, a PE ratio of 16.08 and a beta of 2.09. The company has a current ratio of 2.24, a quick ratio of 1.35 and a debt-to-equity ratio of 1.47. The company’s fifty day simple moving average is $38.96 and its 200-day simple moving average is $36.88.
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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