Zacks: Brokerages Expect CIRCOR International, Inc. (NYSE:CIR) Will Post Quarterly Sales of $276.25 Million

Wall Street analysts predict that CIRCOR International, Inc. (NYSE:CIR) will report sales of $276.25 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for CIRCOR International’s earnings, with the highest sales estimate coming in at $276.70 million and the lowest estimate coming in at $275.80 million. CIRCOR International reported sales of $301.37 million in the same quarter last year, which indicates a negative year-over-year growth rate of 8.3%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, August 1st.

According to Zacks, analysts expect that CIRCOR International will report full year sales of $1.12 billion for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.12 billion, with estimates ranging from $1.11 billion to $1.13 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for CIRCOR International.

CIR has been the topic of several analyst reports. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. 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 raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Tuesday, June 25th. Finally, TheStreet downgraded Weibo from a “b-” rating to a “c+” rating in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.00.

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of CIRCOR International in the second quarter valued at approximately $31,000. Metropolitan Life Insurance Co. NY raised its stake in shares of CIRCOR International by 345.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 4,300 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of CIRCOR International during the fourth quarter worth approximately $122,000. BNP Paribas Arbitrage SA raised its stake in shares of CIRCOR International by 248.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 2,744 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of CIRCOR International during the first quarter worth approximately $242,000.

Shares of CIR opened at $38.73 on Friday. CIRCOR International has a 52-week low of $19.73 and a 52-week high of $48.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.43 and a current ratio of 2.31. The business’s fifty day simple moving average is $43.26. The firm has a market cap of $796.03 million, a PE ratio of 18.36 and a beta of 2.11.

CIRCOR International Company Profile

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

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