Zacks: Analysts Anticipate CIRCOR International, Inc. (NYSE:CIR) to Post $0.62 Earnings Per Share

Wall Street brokerages expect CIRCOR International, Inc. (NYSE:CIR) to report earnings of $0.62 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CIRCOR International’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.63. CIRCOR International posted earnings of $0.66 per share in the same quarter last year, which indicates a negative year over year growth rate of 6.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 3rd.

According to Zacks, analysts expect that CIRCOR International will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.73. For the next financial year, analysts forecast that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.92 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for CIRCOR International.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, November 12th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). CIRCOR International had a negative net margin of 4.61% and a positive return on equity of 18.58%. During the same quarter last year, the business posted $0.36 earnings per share.

Separately, Zacks Investment Research lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Wednesday, October 13th.

Shares of CIRCOR International stock traded down $0.09 during midday trading on Thursday, reaching $32.09. The company had a trading volume of 47,712 shares, compared to its average volume of 106,243. The company has a current ratio of 2.32, a quick ratio of 1.58 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $650.08 million, a price-to-earnings ratio of -18.23 and a beta of 2.48. The stock has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $33.26. CIRCOR International has a 1-year low of $27.05 and a 1-year high of $43.20.

Hedge funds have recently made changes to their positions in the company. Acuitas Investments LLC grew its holdings in shares of CIRCOR International by 18.9% in the 2nd quarter. Acuitas Investments LLC now owns 77,911 shares of the industrial products company’s stock valued at $2,540,000 after buying an additional 12,361 shares during the period. First Mercantile Trust Co. grew its holdings in shares of CIRCOR International by 53.4% in the 2nd quarter. First Mercantile Trust Co. now owns 5,095 shares of the industrial products company’s stock valued at $166,000 after buying an additional 1,774 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of CIRCOR International by 63.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 5,642 shares of the industrial products company’s stock valued at $196,000 after buying an additional 2,200 shares during the period. Tudor Investment Corp Et Al bought a new stake in CIRCOR International in the 1st quarter valued at $315,000. Finally, Gamco Investors INC. ET AL lifted its position in CIRCOR International by 0.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,029,915 shares of the industrial products company’s stock valued at $33,997,000 after acquiring an additional 2,600 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

CIRCOR International Company Profile

CIRCOR International, Inc engages in the provision of mission-critical flow control products and services for the Industrial and Aerospace & Defense markets. It operates through the following segments: Aerospace & Defense, and Industrial. The Aerospace and Defense segment is a diversified flow control technology platform.

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