Analysts expect CIRCOR International, Inc. (NYSE:CIR) to announce earnings of $0.48 per share for the current quarter, Zacks reports. Three analysts have issued estimates for CIRCOR International’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.46. CIRCOR International also reported earnings per share of $0.48 in the same quarter last year. The company is expected to report its next earnings results on Thursday, February 15th.
On average, analysts expect that CIRCOR International will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.59 to $1.63. For the next year, analysts forecast that the firm will post earnings of $2.21 per share, with EPS estimates ranging from $2.10 to $2.32. Zacks’ EPS averages are a mean average based on a survey of analysts that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 company earned $0.46 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.
A number of brokerages have commented on CIR. KeyCorp upgraded CIRCOR International from a “sector weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research report on Monday, November 6th. BidaskClub downgraded CIRCOR International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded CIRCOR International from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. SunTrust Banks, Inc. upgraded CIRCOR International from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $65.00 to $60.00 in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of CIRCOR International in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. CIRCOR International presently has an average rating of “Hold” and a consensus target price of $61.00.
Shares of CIRCOR International (CIR) traded up $0.08 during mid-day trading on Friday, hitting $44.11. The company’s stock had a trading volume of 66,700 shares, compared to its average volume of 96,842. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.20 and a quick ratio of 1.85. CIRCOR International has a 52 week low of $42.25 and a 52 week high of $72.96. The company has a market cap of $726.52, a P/E ratio of 27.18 and a beta of 1.55.
Several institutional investors and hedge funds have recently modified their holdings of CIR. SG Americas Securities LLC acquired a new position in shares of CIRCOR International in the 3rd quarter worth approximately $121,000. Quantbot Technologies LP raised its holdings in shares of CIRCOR International by 454.0% in the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after buying an additional 2,470 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of CIRCOR International in the 2nd quarter worth approximately $212,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of CIRCOR International by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after buying an additional 2,320 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of CIRCOR International by 9.2% in the 2nd quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock worth $409,000 after buying an additional 579 shares in the last quarter.
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CIRCOR International Company Profile
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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