Equities analysts forecast that CIRCOR International, Inc. (NYSE:CIR) will post $269.33 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for CIRCOR International’s earnings, with estimates ranging from $264.40 million to $273.70 million. CIRCOR International posted sales of $145.21 million in the same quarter last year, which would indicate a positive year over year growth rate of 85.5%. The business is scheduled to issue its next earnings results on Friday, April 27th.
According to Zacks, analysts expect that CIRCOR International will report full-year sales of $269.33 million for the current year, with estimates ranging from $1.13 billion to $1.16 billion. For the next year, analysts forecast that the company will report sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. CIRCOR International had a net margin of 1.78% and a return on equity of 6.06%. The company had revenue of $205.58 million during the quarter, compared to the consensus estimate of $170.60 million. During the same quarter last year, the company earned $0.48 earnings per share. CIRCOR International’s revenue for the quarter was up 29.9% on a year-over-year basis.
Several brokerages have issued reports on CIR. Zacks Investment Research downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $56.00 price objective on shares of CIRCOR International in a research report on Friday, March 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.00 price objective (down previously from $61.00) on shares of CIRCOR International in a research report on Thursday, March 1st. Finally, ValuEngine downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. CIRCOR International currently has an average rating of “Hold” and an average target price of $59.50.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of CIRCOR International during the third quarter worth approximately $121,000. Municipal Employees Retirement System of Michigan grew its position in shares of CIRCOR International by 59.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after buying an additional 2,320 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of CIRCOR International during the fourth quarter worth approximately $355,000. California Public Employees Retirement System grew its position in shares of CIRCOR International by 2.3% during the second quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock worth $808,000 after buying an additional 300 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position 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 buying an additional 4,281 shares in the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.
Shares of CIRCOR International (NYSE CIR) opened at $45.01 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.98 and a quick ratio of 1.22. CIRCOR International has a 1 year low of $41.50 and a 1 year high of $68.76. The stock has a market cap of $903.16, a P/E ratio of 26.68 and a beta of 1.67.
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CIRCOR International Company Profile
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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