$169.13 Million in Sales Expected for CIRCOR International, Inc. (CIR) This Quarter

Equities analysts predict that CIRCOR International, Inc. (NYSE:CIR) will post $169.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CIRCOR International’s earnings. The lowest sales estimate is $165.10 million and the highest is $172.50 million. CIRCOR International reported sales of $158.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, February 28th.

On average, analysts expect that CIRCOR International will report full year sales of $169.13 million for the current financial year, with estimates ranging from $621.20 million to $628.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $1.15 billion per share, with estimates ranging from $1.13 billion to $1.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover CIRCOR International.

A number of equities research analysts recently weighed in on CIR shares. 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 price objective on shares of 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 Sunday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $61.33.

A number of large investors have recently added to or reduced their stakes in CIR. Teachers Advisors LLC grew 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 buying an additional 877 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in 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 worth $2,644,000 after purchasing an additional 783 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in CIRCOR International by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock worth $5,142,000 after purchasing an additional 648 shares during the last quarter. California Public Employees Retirement System lifted its holdings in 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 worth $808,000 after purchasing an additional 300 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in CIRCOR International in the 2nd quarter worth approximately $212,000.

CIRCOR International (NYSE:CIR) opened at $48.07 on Thursday. CIRCOR International has a 1-year low of $42.25 and a 1-year high of $72.96. The stock has a market cap of $791.20, a price-to-earnings ratio of 29.60 and a beta of 1.62. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58.

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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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