$169.10 Million in Sales Expected for CIRCOR International, Inc. (CIR) This Quarter

Equities research analysts forecast that CIRCOR International, Inc. (NYSE:CIR) will post $169.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for CIRCOR International’s earnings. The highest sales estimate is $172.50 million and the lowest is $165.00 million. CIRCOR International posted sales of $158.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that CIRCOR International will report full-year sales of $169.10 million for the current year, with estimates ranging from $621.10 million to $628.70 million. For the next year, analysts expect that the company will post sales of $701.30 million per share, with estimates ranging from $676.20 million to $726.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow CIRCOR International.

CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $154.65 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year.

CIR has been the subject of several research reports. Zacks Investment Research cut shares of CIRCOR International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. Stifel Nicolaus cut their target price on shares of CIRCOR International from $66.00 to $57.00 and set a “buy” rating for the company in a report on Monday, October 30th. Finally, KeyCorp reissued a “hold” rating on shares of CIRCOR International in a report on Sunday, October 29th. Two equities research 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.00.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in CIRCOR International in the third quarter valued at about $121,000. Quantbot Technologies LP lifted its position in CIRCOR International by 454.0% in the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $178,000 after buying an additional 2,470 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in CIRCOR International in the second quarter valued at about $212,000. Municipal Employees Retirement System of Michigan lifted its position in CIRCOR International by 59.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock valued at $337,000 after buying an additional 2,320 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in CIRCOR International by 1.2% in the second quarter. Arizona State Retirement System now owns 8,638 shares of the industrial products company’s stock valued at $513,000 after buying an additional 100 shares during the last quarter.

Shares of CIRCOR International (NYSE:CIR) opened at $50.93 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.85 and a current ratio of 3.20. CIRCOR International has a 12 month low of $42.25 and a 12 month high of $72.96. The company has a market cap of $813.15, a P/E ratio of 54.76 and a beta of 1.60.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.29%. CIRCOR International’s dividend payout ratio (DPR) is presently 16.13%.

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

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