Equities research analysts predict that CIRCOR International, Inc. (NYSE:CIR) will announce earnings of $0.46 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CIRCOR International’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.44. CIRCOR International posted earnings per share of $0.53 during the same quarter last year, which would indicate a negative year over year growth rate of 13.2%. The business is expected to report its next quarterly earnings report before the market opens on Friday, July 28th.

According to Zacks, analysts expect that CIRCOR International will report full year earnings of $2.00 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $2.20. For the next financial year, analysts expect that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.11 to $3.26. 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 released its earnings results on Friday, April 28th. The industrial products company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.03. CIRCOR International had a return on equity of 7.21% and a net margin of 1.88%. The company had revenue of $145.20 million during the quarter, compared to the consensus estimate of $146.29 million. During the same period last year, the firm posted $0.52 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year.

CIR has been the topic of several recent research reports. Stifel Nicolaus raised CIRCOR International from a “hold” rating to a “buy” rating and dropped their target price for the company from $74.00 to $68.00 in a research report on Monday, April 17th. Zacks Investment Research raised CIRCOR International from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, April 19th. ValuEngine raised CIRCOR International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Seaport Global Securities cut CIRCOR International from a “neutral” rating to a “sell” rating and dropped their target price for the company from $70.00 to $60.00 in a research report on Wednesday, June 21st. Finally, Sidoti raised CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, June 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $65.00.

Several hedge funds have recently bought and sold shares of CIR. Thrivent Financial For Lutherans boosted its stake in CIRCOR International by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 98,776 shares of the industrial products company’s stock worth $5,871,000 after buying an additional 470 shares during the last quarter. Teachers Advisors LLC boosted its stake in CIRCOR International by 4.2% in the first quarter. Teachers Advisors LLC now owns 28,910 shares of the industrial products company’s stock worth $1,718,000 after buying an additional 1,167 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in CIRCOR International by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock worth $463,000 after buying an additional 1,912 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in CIRCOR International during the first quarter worth $6,135,000. Finally, Arizona State Retirement System boosted its stake in CIRCOR International by 1.2% in the first quarter. Arizona State Retirement System now owns 8,538 shares of the industrial products company’s stock worth $507,000 after buying an additional 100 shares during the last quarter.

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CIRCOR International (NYSE CIR) traded up 4.34% during midday trading on Wednesday, reaching $59.35. The company’s stock had a trading volume of 80,788 shares. CIRCOR International has a 12-month low of $48.11 and a 12-month high of $72.96. The firm has a 50 day moving average price of $61.57 and a 200-day moving average price of $61.73. The company has a market cap of $978.92 million, a P/E ratio of 88.71 and a beta of 1.69.

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

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