Equities analysts expect that CIRCOR International, Inc. (NYSE:CIR) will announce sales of $309.00 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for CIRCOR International’s earnings, with estimates ranging from $302.00 million to $314.30 million. CIRCOR International reported sales of $205.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 50.3%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 26th.
On average, analysts expect that CIRCOR International will report full year sales of $1.18 billion for the current financial year, with estimates ranging from $1.18 billion to $1.19 billion. For the next year, analysts anticipate that the company will post sales of $1.22 billion, with estimates ranging from $1.14 billion to $1.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover CIRCOR International.
A number of equities analysts have weighed in on the company. TheStreet downgraded CIRCOR International from a “c-” rating to a “d+” rating in a research report on Friday, December 14th. KeyCorp reduced their price target on CIRCOR International from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, November 6th. Zacks Investment Research raised CIRCOR International from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. Citigroup set a $39.00 price target on CIRCOR International and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Finally, Stifel Nicolaus downgraded CIRCOR International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $51.00 to $29.00 in a research report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.80.
NYSE:CIR traded down $0.08 during trading hours on Monday, reaching $31.92. 752 shares of the stock were exchanged, compared to its average volume of 96,044. CIRCOR International has a twelve month low of $19.73 and a twelve month high of $52.55. The company has a quick ratio of 1.39, a current ratio of 2.30 and a debt-to-equity ratio of 1.40. The company has a market cap of $622.69 million, a P/E ratio of 18.67 and a beta of 2.52.
Several institutional investors have recently made changes to their positions in CIR. Peregrine Capital Management LLC raised its stake in CIRCOR International by 36.1% in the 4th quarter. Peregrine Capital Management LLC now owns 562,352 shares of the industrial products company’s stock valued at $11,978,000 after acquiring an additional 149,100 shares during the period. Gamco Investors INC. ET AL boosted its stake in CIRCOR International by 5.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,822,612 shares of the industrial products company’s stock valued at $38,822,000 after buying an additional 98,160 shares in the last quarter. Gabelli Funds LLC boosted its stake in CIRCOR International by 7.3% in the fourth quarter. Gabelli Funds LLC now owns 1,076,400 shares of the industrial products company’s stock valued at $22,927,000 after buying an additional 73,000 shares in the last quarter. Teton Advisors Inc. boosted its stake in CIRCOR International by 27.2% in the fourth quarter. Teton Advisors Inc. now owns 248,640 shares of the industrial products company’s stock valued at $5,296,000 after buying an additional 53,240 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in CIRCOR International in the third quarter valued at about $1,889,000.
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.
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