Wall Street brokerages expect CIRCOR International, Inc. (NYSE:CIR) to post earnings per share of $0.32 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CIRCOR International’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.30. CIRCOR International also reported earnings of $0.32 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that CIRCOR International will report full year earnings of $2.20 per share for the current year, with EPS estimates ranging from $1.94 to $2.35. For the next year, analysts expect that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.72 to $2.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last announced 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 return on equity of 6.06% and a net margin of 1.78%. The firm had revenue of $205.58 million for the quarter, compared to analysts’ expectations of $170.60 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. CIRCOR International’s revenue for the quarter was up 29.9% compared to the same quarter last year.
A number of analysts have recently weighed in on CIR shares. Zacks Investment Research cut CIRCOR International from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Stifel Nicolaus increased their price target on CIRCOR International from $52.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. ValuEngine cut CIRCOR International from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Finally, SunTrust Banks reiterated a “buy” rating and set a $56.00 price target on shares of CIRCOR International in a research report on Friday, March 2nd. Four equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. CIRCOR International presently has a consensus rating of “Hold” and an average price target of $59.50.
Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of CIRCOR International by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 134,894 shares of the industrial products company’s stock worth $6,566,000 after purchasing an additional 1,144 shares during the period. Teton Advisors Inc. increased its position in CIRCOR International by 1.1% in the 4th quarter. Teton Advisors Inc. now owns 183,600 shares of the industrial products company’s stock valued at $8,938,000 after acquiring an additional 2,000 shares during the period. SG Americas Securities LLC acquired a new stake in CIRCOR International in the 3rd quarter valued at approximately $121,000. Pinebridge Investments L.P. increased its position in CIRCOR International by 22.0% in the 4th quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock valued at $1,153,000 after acquiring an additional 4,281 shares during the period. Finally, Rhumbline Advisers increased its position in CIRCOR International by 15.8% in the 4th quarter. Rhumbline Advisers now owns 40,442 shares of the industrial products company’s stock valued at $1,969,000 after acquiring an additional 5,518 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.
NYSE CIR traded down $0.21 on Friday, hitting $43.84. 57,040 shares of the stock traded hands, compared to its average volume of 104,489. The company has a quick ratio of 1.22, a current ratio of 1.98 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $871.89, a P/E ratio of 25.64 and a beta of 1.71. CIRCOR International has a twelve month low of $40.58 and a twelve month high of $68.76.
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About CIRCOR International
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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