Equities research analysts expect CIRCOR International, Inc. (NYSE:CIR) to announce $155.60 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for CIRCOR International’s earnings, with estimates ranging from $153.10 million to $157.80 million. CIRCOR International reported sales of $134.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is expected to issue its next earnings report on Friday, October 27th.
According to Zacks, analysts expect that CIRCOR International will report full-year sales of $155.60 million for the current financial year, with estimates ranging from $619.20 million to $632.60 million. For the next year, analysts expect that the company will post sales of $699.17 million per share, with estimates ranging from $660.90 million to $726.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for CIRCOR International.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $151.20 million during the quarter, compared to the consensus estimate of $158.09 million. CIRCOR International had a net margin of 2.74% and a return on equity of 6.55%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share.
CIR has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 target price on shares of CIRCOR International in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of CIRCOR International from a “hold” rating to a “strong sell” rating in a research note on Friday, June 30th. Seaport Global Securities downgraded shares of CIRCOR International from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $70.00 to $60.00 in a research note on Wednesday, June 21st. BidaskClub downgraded shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, SunTrust Banks, Inc. upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and lowered their price target for the stock from $65.00 to $60.00 in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.00.
CIRCOR International (CIR) traded up 0.98% on Friday, hitting $50.65. 134,245 shares of the stock traded hands. The stock has a market cap of $835.73 million, a P/E ratio of 52.22 and a beta of 1.67. CIRCOR International has a 12-month low of $46.97 and a 12-month high of $72.96. The stock has a 50-day moving average price of $48.91 and a 200 day moving average price of $58.03.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Monday, August 14th. CIRCOR International’s dividend payout ratio is 15.31%.
Several large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of CIRCOR International during the 2nd quarter worth approximately $212,000. Quantbot Technologies LP grew its position in shares of CIRCOR International by 454.0% during 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 during the period. California Public Employees Retirement System grew its position in shares of CIRCOR International by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock worth $808,000 after buying an additional 300 shares during the period. Thrivent Financial For Lutherans grew 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 buying an additional 2,480 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of CIRCOR International by 0.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock worth $5,142,000 after buying an additional 648 shares during the period.
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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