Equities analysts expect CIRCOR International, Inc. (NYSE:CIR) to report earnings per share of $0.48 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CIRCOR International’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.47. CIRCOR International posted earnings of $0.52 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The business is scheduled to report its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that CIRCOR International will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.16. For the next year, analysts anticipate that the business will report earnings of $3.48 per share, with EPS estimates ranging from $3.30 to $3.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover CIRCOR International.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. The business had revenue of $269.61 million for the quarter, compared to analyst estimates of $277.06 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis.
Several research firms recently issued reports on CIR. Citigroup decreased their target price on shares of CIRCOR International from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Sidoti upgraded shares of CIRCOR International from a “neutral” rating to a “buy” rating in a research note on Thursday, July 18th. Zacks Investment Research cut shares of CIRCOR International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a research note on Monday, August 26th. Finally, Stifel Nicolaus upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and decreased their target price for the company from $50.00 to $47.00 in a research note on Sunday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.75.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its holdings in CIRCOR International by 1.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,913,442 shares of the industrial products company’s stock worth $88,018,000 after acquiring an additional 19,590 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CIRCOR International by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 215,759 shares of the industrial products company’s stock valued at $9,924,000 after purchasing an additional 6,985 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in CIRCOR International during the 2nd quarter valued at approximately $4,025,000. Parametric Portfolio Associates LLC boosted its stake in CIRCOR International by 24.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 74,247 shares of the industrial products company’s stock valued at $3,415,000 after purchasing an additional 14,705 shares during the period. Finally, Comerica Bank boosted its stake in CIRCOR International by 2.7% during the 1st 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 period.
Shares of CIR traded down $0.24 during trading hours on Wednesday, hitting $36.00. The stock had a trading volume of 1,636 shares, compared to its average volume of 196,027. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.35 and a current ratio of 2.24. The firm has a 50-day moving average price of $35.94 and a 200 day moving average price of $37.98. CIRCOR International has a fifty-two week low of $19.73 and a fifty-two week high of $47.80. The firm has a market capitalization of $717.77 million, a price-to-earnings ratio of 17.20 and a beta of 2.14.
About CIRCOR International
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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