Equities analysts expect CIRCOR International, Inc. (NYSE:CIR) to post earnings per share of $0.50 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for CIRCOR International’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.48. CIRCOR International reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.2%. The company is expected to announce its next earnings results on Friday, July 27th.
On average, analysts expect that CIRCOR International will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.00 to $2.32. For the next year, analysts forecast that the company will report earnings of $2.89 per share, with EPS estimates ranging from $2.81 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $275.58 million during 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 was up 89.8% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS.
A number of research analysts have recently commented on CIR shares. Zacks Investment Research downgraded CIRCOR International from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. ValuEngine downgraded CIRCOR International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 12th. SunTrust Banks reiterated a “buy” rating and set a $56.00 target price on shares of CIRCOR International in a research report on Friday, March 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $54.00 target price (down from $61.00) on shares of CIRCOR International in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.50.
Shares of NYSE CIR traded up $0.48 during midday trading on Friday, reaching $39.77. 968,857 shares of the stock traded hands, compared to its average volume of 347,766. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.24 and a current ratio of 2.04. The company has a market capitalization of $779.18 million, a P/E ratio of 23.26 and a beta of 1.71. CIRCOR International has a one year low of $38.49 and a one year high of $61.23.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its position in CIRCOR International by 2.7% in the first quarter. Gamco Investors INC. ET AL now owns 1,464,710 shares of the industrial products company’s stock worth $62,485,000 after buying an additional 38,859 shares during the last quarter. Gabelli Funds LLC lifted its position in CIRCOR International by 0.6% in the first quarter. Gabelli Funds LLC now owns 970,500 shares of the industrial products company’s stock worth $41,402,000 after buying an additional 5,770 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in CIRCOR International by 11.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 716,368 shares of the industrial products company’s stock worth $30,561,000 after buying an additional 76,308 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 worth $6,566,000 after buying an additional 1,144 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in CIRCOR International by 15.8% in the fourth quarter. Rhumbline Advisers now owns 40,442 shares of the industrial products company’s stock worth $1,969,000 after buying an additional 5,518 shares during the last quarter. Institutional investors own 89.95% 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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