Analysts forecast that CIRCOR International, Inc. (NYSE:CIR) will post sales of $269.37 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CIRCOR International’s earnings. The lowest sales estimate is $264.40 million and the highest is $273.70 million. CIRCOR International posted sales of $145.21 million during the same quarter last year, which suggests a positive year-over-year growth rate of 85.5%. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that CIRCOR International will report full year sales of $1.15 billion for the current year, with estimates ranging from $1.13 billion to $1.16 billion. For the next year, analysts forecast that the firm will report sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover CIRCOR International.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. CIRCOR International had a net margin of 1.78% and a return on equity of 6.06%. The firm had revenue of $205.58 million during the quarter, compared to analyst estimates of $170.60 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 29.9% on a year-over-year basis.
Large investors have recently modified their holdings of the business. Pinebridge Investments L.P. lifted its holdings in shares of CIRCOR International by 22.0% in the fourth 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. Teton Advisors Inc. increased its position in CIRCOR International by 1.1% in the fourth quarter. Teton Advisors Inc. now owns 183,600 shares of the industrial products company’s stock worth $8,938,000 after purchasing an additional 2,000 shares during the last quarter. Rhumbline Advisers increased its position in CIRCOR International by 15.8% in the fourth quarter. Rhumbline Advisers now owns 40,442 shares of the industrial products company’s stock worth $1,969,000 after purchasing an additional 5,518 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in CIRCOR International in the fourth quarter worth $1,727,000. Finally, Arizona State Retirement System increased its position in CIRCOR International by 224.8% in the fourth quarter. Arizona State Retirement System now owns 27,732 shares of the industrial products company’s stock worth $1,350,000 after purchasing an additional 19,194 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of CIR stock traded down $0.28 during trading hours on Tuesday, reaching $45.43. The company had a trading volume of 29,270 shares, compared to its average volume of 116,720. CIRCOR International has a one year low of $40.58 and a one year high of $68.76. The firm has a market capitalization of $913.65, a PE ratio of 26.73 and a beta of 1.71. The company has a quick ratio of 1.22, a current ratio of 1.98 and a debt-to-equity ratio of 1.31.
About CIRCOR International
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices, and fluid catalytic converter and isolation valves.
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