$0.48 EPS Expected for CIRCOR International, Inc. (CIR) This Quarter

Brokerages predict that CIRCOR International, Inc. (NYSE:CIR) will report $0.48 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for CIRCOR International’s earnings, with estimates ranging from $0.46 to $0.50. CIRCOR International also reported earnings of $0.48 per share during the same quarter last year. The business is expected to report its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that CIRCOR International will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.63. For the next fiscal year, analysts anticipate that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.11 to $2.32. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover CIRCOR International.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings data 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 business had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $154.65 million. During the same period last year, the business earned $0.46 EPS. The business’s revenue was up 18.5% on a year-over-year basis.

CIR has been the topic of several recent analyst reports. Zacks Investment Research upgraded CIRCOR International from a “strong sell” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, December 29th. Stifel Nicolaus dropped their price objective on CIRCOR International from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Finally, KeyCorp restated a “hold” rating on shares of CIRCOR International in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.00.

Several institutional investors have recently made changes to their positions in CIR. Piedmont Investment Advisors LLC purchased a new stake in shares of CIRCOR International during the 2nd quarter valued at $212,000. Thrivent Financial For Lutherans increased 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 valued at $6,012,000 after purchasing an additional 2,480 shares during the last quarter. Quantbot Technologies LP increased 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 valued at $178,000 after purchasing an additional 2,470 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in 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 acquiring an additional 2,320 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in CIRCOR International in the 3rd quarter worth about $121,000.

Shares of CIRCOR International (NYSE:CIR) traded down $0.40 during trading hours on Wednesday, reaching $49.28. The company’s stock had a trading volume of 118,161 shares, compared to its average volume of 103,950. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58. CIRCOR International has a fifty-two week low of $42.25 and a fifty-two week high of $72.96. The company has a market cap of $803.25, a PE ratio of 52.99 and a beta of 1.60.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th 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, November 27th. CIRCOR International’s dividend payout ratio is presently 16.13%.

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

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