Wall Street analysts forecast that CIRCOR International, Inc. (NYSE:CIR) will announce $283.57 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for CIRCOR International’s earnings, with the lowest sales estimate coming in at $280.80 million and the highest estimate coming in at $285.70 million. CIRCOR International reported sales of $151.23 million during the same quarter last year, which would suggest a positive year over year growth rate of 87.5%. The company is scheduled to announce its next quarterly earnings results on Friday, July 27th.
According to Zacks, analysts expect that CIRCOR International will report full-year sales of $1.16 billion for the current financial year. For the next fiscal year, analysts anticipate that the company will post sales of $1.21 billion per share, with estimates ranging from $1.20 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover CIRCOR International.
Get CIRCOR International alerts:
CIRCOR International (NYSE:CIR) last issued its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm had revenue of $275.58 million for the quarter, compared to analyst estimates of $270.56 million. CIRCOR International had a negative net margin of 1.32% and a positive return on equity of 6.05%. The company’s revenue for the quarter was up 89.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share.
Several equities analysts recently weighed in on CIR shares. Zacks Investment Research raised shares of CIRCOR International from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, May 1st. SunTrust Banks reaffirmed a “buy” rating and set a $56.00 price objective on shares of CIRCOR International in a research report on Friday, March 2nd. Finally, ValuEngine raised shares of CIRCOR International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $52.50.
Several large investors have recently added to or reduced their stakes in CIR. Pinebridge Investments L.P. raised its position in shares of CIRCOR International by 22.0% in the fourth quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock valued at $1,153,000 after purchasing an additional 4,281 shares during the period. Arizona State Retirement System raised its position in shares of CIRCOR International by 224.8% in the fourth quarter. Arizona State Retirement System now owns 27,732 shares of the industrial products company’s stock valued at $1,350,000 after purchasing an additional 19,194 shares during the period. Rhumbline Advisers raised its position in shares of CIRCOR International by 15.8% in the fourth quarter. Rhumbline Advisers now owns 40,442 shares of the industrial products company’s stock valued at $1,969,000 after purchasing an additional 5,518 shares during the period. Geode Capital Management LLC raised its position in shares of CIRCOR International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 134,894 shares of the industrial products company’s stock valued at $6,566,000 after purchasing an additional 1,144 shares during the period. Finally, Kennedy Capital Management Inc. bought a new position in shares of CIRCOR International in the fourth quarter valued at approximately $1,727,000. 89.95% of the stock is currently owned by institutional investors.
CIRCOR International traded up $0.06, hitting $36.96, during midday trading on Monday, according to Marketbeat.com. 276,292 shares of the company’s stock traded hands, compared to its average volume of 468,489. The firm has a market cap of $731.78 million, a PE ratio of 20.61 and a beta of 1.71. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.24 and a current ratio of 2.04. CIRCOR International has a one year low of $35.16 and a one year high of $61.23.
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.
Get a free copy of the Zacks research report on CIRCOR International (CIR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com