$269.33 Million in Sales Expected for CIRCOR International, Inc. (CIR) This Quarter

Wall Street analysts expect CIRCOR International, Inc. (NYSE:CIR) to report $269.33 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for CIRCOR International’s earnings, with the lowest sales estimate coming in at $264.40 million and the highest estimate coming in at $273.70 million. CIRCOR International posted sales of $145.21 million in the same quarter last year, which would indicate a positive year over year growth rate of 85.5%. The business is scheduled to report its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that CIRCOR International will report full year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.16 billion. For the next financial year, analysts anticipate that the business will report sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover CIRCOR International.

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CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. The business had revenue of $205.58 million during the quarter, compared to the consensus estimate of $170.60 million. CIRCOR International had a net margin of 1.78% and a return on equity of 6.06%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share.

Several equities analysts have recently commented on CIR shares. Zacks Investment Research downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. SunTrust Banks reaffirmed a “buy” rating and set a $56.00 price objective on shares of CIRCOR International in a research note on Friday, March 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $54.00 price objective (down from $61.00) on shares of CIRCOR International in a research note on Thursday, March 1st. Finally, ValuEngine downgraded shares of CIRCOR International from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Four research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.50.

CIRCOR International stock opened at $44.88 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.98 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $867.73, a price-to-earnings ratio of 26.25 and a beta of 1.71. CIRCOR International has a twelve month low of $40.58 and a twelve month high of $68.76.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in CIRCOR International in the third quarter worth about $121,000. MetLife Investment Advisors LLC purchased a new stake in CIRCOR International in the fourth quarter worth about $355,000. Pinebridge Investments L.P. grew its holdings in CIRCOR International by 22.0% in the fourth quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock worth $1,153,000 after purchasing an additional 4,281 shares during the period. Arizona State Retirement System grew its holdings in CIRCOR International by 224.8% in the fourth quarter. Arizona State Retirement System now owns 27,732 shares of the industrial products company’s stock worth $1,350,000 after purchasing an additional 19,194 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new stake in CIRCOR International in the fourth quarter worth about $1,727,000. 87.26% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for CIRCOR International (NYSE:CIR)

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