Equities research analysts predict that CIRCOR International, Inc. (NYSE:CIR) will announce $269.33 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for CIRCOR International’s earnings, with the lowest sales estimate coming in at $264.40 million and the highest estimate coming in at $273.70 million. CIRCOR International posted sales of $145.21 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 85.5%. The firm is expected to issue its next earnings results on Friday, April 27th.
According to Zacks, analysts expect that CIRCOR International will report full year sales of $269.33 million for the current financial year, with estimates ranging from $1.13 billion to $1.16 billion. For the next year, analysts anticipate that the firm will post sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.22 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow CIRCOR International.
CIRCOR International (NYSE:CIR) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $205.58 million for the quarter, compared to analyst estimates of $170.60 million. CIRCOR International had a net margin of 1.78% and a return on equity of 6.06%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of CIRCOR International in the 3rd quarter worth about $121,000. Municipal Employees Retirement System of Michigan boosted its position in shares of 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 buying an additional 2,320 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of CIRCOR International in the 4th quarter worth about $355,000. California Public Employees Retirement System boosted its position 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 worth $808,000 after buying an additional 300 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its position in shares of CIRCOR International by 22.0% in the 4th quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock worth $1,153,000 after buying an additional 4,281 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.
Shares of CIRCOR International (NYSE:CIR) opened at $45.01 on Wednesday. The company has a market cap of $903.16, a price-to-earnings ratio of 26.68 and a beta of 1.67. CIRCOR International has a 1 year low of $41.50 and a 1 year high of $68.76. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.22 and a current ratio of 1.98.
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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