$309.93 Million in Sales Expected for CIRCOR International, Inc. (CIR) This Quarter

Equities analysts expect CIRCOR International, Inc. (NYSE:CIR) to post sales of $309.93 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CIRCOR International’s earnings, with estimates ranging from $304.80 million to $314.30 million. CIRCOR International reported sales of $205.58 million in the same quarter last year, which would suggest a positive year over year growth rate of 50.8%. The company is scheduled to report its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that CIRCOR International will report full year sales of $1.18 billion for the current year, with estimates ranging from $1.18 billion to $1.19 billion. For the next year, analysts expect that the business will post sales of $1.25 billion, with estimates ranging from $1.23 billion to $1.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CIRCOR International.

CIRCOR International (NYSE:CIR) last announced its earnings results on Monday, November 5th. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). CIRCOR International had a negative net margin of 2.22% and a positive return on equity of 6.78%. The business had revenue of $297.50 million for the quarter, compared to the consensus estimate of $296.49 million. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 86.3% on a year-over-year basis.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded CIRCOR International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Citigroup assumed coverage on CIRCOR International in a research report on Tuesday, August 21st. They set a “neutral” rating and a $50.00 target price on the stock. ValuEngine upgraded CIRCOR International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, KeyCorp cut their target price on CIRCOR International from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.80.

Shares of CIRCOR International stock opened at $34.11 on Friday. CIRCOR International has a one year low of $30.73 and a one year high of $54.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.39 and a current ratio of 2.30. The stock has a market cap of $657.61 million, a P/E ratio of 19.95 and a beta of 2.15.

A number of large investors have recently made changes to their positions in the business. Glen Harbor Capital Management LLC boosted its holdings in CIRCOR International by 78.7% in the second quarter. Glen Harbor Capital Management LLC now owns 2,948 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 1,298 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in CIRCOR International by 76.3% in the second quarter. Riverhead Capital Management LLC now owns 3,467 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 1,500 shares in the last quarter. Teachers Advisors LLC boosted its holdings in CIRCOR International by 5.5% in the third quarter. Teachers Advisors LLC now owns 31,433 shares of the industrial products company’s stock worth $1,493,000 after acquiring an additional 1,646 shares in the last quarter. Teton Advisors Inc. boosted its holdings in CIRCOR International by 0.9% in the third quarter. Teton Advisors Inc. now owns 195,400 shares of the industrial products company’s stock worth $9,282,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in CIRCOR International by 4.6% in the second quarter. Rhumbline Advisers now owns 42,192 shares of the industrial products company’s stock worth $1,559,000 after acquiring an additional 1,839 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

CIRCOR International Company Profile

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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Earnings History and Estimates for CIRCOR International (NYSE:CIR)

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