Brokerages Expect CIRCOR International, Inc. (CIR) to Announce $0.48 Earnings Per Share
Analysts expect CIRCOR International, Inc. (NYSE:CIR) to post earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CIRCOR International’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.50. CIRCOR International also reported earnings of $0.48 per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Thursday, February 15th.
According to Zacks, analysts expect that CIRCOR International will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.63. For the next financial year, analysts expect that the firm will post earnings of $2.21 per share, with EPS estimates ranging from $2.10 to $2.32. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover CIRCOR International.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The firm had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. CIRCOR International’s revenue for the quarter was up 18.5% on a year-over-year basis.
Several research firms have recently weighed in on CIR. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective on shares of CIRCOR International in a research note on Friday, July 14th. Zacks Investment Research raised CIRCOR International from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut CIRCOR International from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. SunTrust Banks, Inc. raised CIRCOR International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $65.00 to $60.00 in a research report on Tuesday, August 1st. Finally, KeyCorp reissued a “hold” rating on shares of CIRCOR International in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. CIRCOR International presently has an average rating of “Hold” and an average target price of $61.00.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its stake in shares of CIRCOR International by 0.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,498,058 shares of the industrial products company’s stock worth $88,955,000 after buying an additional 11,444 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of CIRCOR International by 6.4% during the second quarter. William Blair Investment Management LLC now owns 319,747 shares of the industrial products company’s stock worth $18,987,000 after purchasing an additional 19,311 shares during the period. Geode Capital Management LLC boosted its position in shares of CIRCOR International by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 125,051 shares of the industrial products company’s stock worth $7,433,000 after acquiring an additional 2,998 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of CIRCOR International by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock worth $6,012,000 after acquiring an additional 2,480 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in CIRCOR International by 0.8% in the second quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock valued at $5,142,000 after buying an additional 648 shares in the last quarter.
CIRCOR International (NYSE:CIR) traded down $0.36 on Friday, reaching $44.03. The company had a trading volume of 77,500 shares, compared to its average volume of 96,981. CIRCOR International has a 12-month low of $42.25 and a 12-month high of $72.96. The firm has a market cap of $732.79, a PE ratio of 27.41 and a beta of 1.55. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58.
About CIRCOR International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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