CIRCOR International, Inc. (CIR) Expected to Announce Quarterly Sales of $169.13 Million

Wall Street analysts forecast that CIRCOR International, Inc. (NYSE:CIR) will post sales of $169.13 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CIRCOR International’s earnings. The highest sales estimate is $172.50 million and the lowest is $165.10 million. CIRCOR International posted sales of $158.24 million in the same quarter last year, which suggests 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 $169.13 million for the current year, with estimates ranging from $621.20 million to $628.70 million. For the next year, analysts expect that the company will post sales of $1.15 billion per share, with estimates ranging from $1.13 billion to $1.16 billion. Zacks’ sales averages are an average based on a survey of analysts that follow CIRCOR International.

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

Several analysts have issued reports on the company. Zacks Investment Research upgraded CIRCOR International from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, January 17th. Stifel Nicolaus upped their price target on CIRCOR International from $52.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, KeyCorp raised CIRCOR International from a “sector weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $61.33.

Several institutional investors have recently made changes to their positions in CIR. Teachers Advisors LLC lifted its stake in shares of CIRCOR International by 3.0% in the 2nd quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock valued at $1,769,000 after purchasing an additional 877 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of CIRCOR International by 1.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock valued at $2,644,000 after purchasing an additional 783 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of CIRCOR International by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock valued at $5,142,000 after purchasing an additional 648 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of CIRCOR International by 2.5% in 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. Finally, California Public Employees Retirement System lifted its stake in shares of CIRCOR International by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after purchasing an additional 300 shares during the last quarter.

Shares of CIRCOR International (NYSE:CIR) opened at $53.53 on Monday. The company has a quick ratio of 1.85, a current ratio of 3.20 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $883.27, a price-to-earnings ratio of 57.56 and a beta of 1.60. CIRCOR International has a twelve month low of $42.25 and a twelve month high of $72.96.

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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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