Analysts Expect CIRCOR International, Inc. (NYSE:CIR) to Post $0.35 Earnings Per Share

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Brokerages expect CIRCOR International, Inc. (NYSE:CIR) to announce earnings of $0.35 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for CIRCOR International’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.39. CIRCOR International posted earnings per share of $0.63 in the same quarter last year, which would indicate a negative year over year growth rate of 44.4%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, November 5th.

According to Zacks, analysts expect that CIRCOR International will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.29 to $1.45. For the next fiscal year, analysts anticipate that the business will post earnings of $2.36 per share, with EPS estimates ranging from $2.05 to $2.67. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for CIRCOR International.

CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Friday, August 7th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.11. The business had revenue of $186.07 million during the quarter, compared to analysts’ expectations of $173.95 million. CIRCOR International had a positive return on equity of 11.73% and a negative net margin of 25.29%.

CIR has been the subject of several analyst reports. Citigroup boosted their target price on CIRCOR International from $25.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. ValuEngine lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research upgraded CIRCOR International from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, October 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. CIRCOR International presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in shares of CIRCOR International by 581.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,655 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 1,412 shares during the period. US Bancorp DE grew its position in shares of CIRCOR International by 27.8% in the 2nd quarter. US Bancorp DE now owns 2,424 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 528 shares during the period. Nisa Investment Advisors LLC grew its position in shares of CIRCOR International by 713.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,720 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 4,140 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of CIRCOR International in the 3rd quarter valued at approximately $202,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of CIRCOR International by 12.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,268 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 924 shares during the period. Institutional investors and hedge funds own 98.78% of the company’s stock.

NYSE:CIR traded up $0.08 on Friday, hitting $27.08. 3 shares of the stock were exchanged, compared to its average volume of 188,883. The stock has a market capitalization of $539.92 million, a price-to-earnings ratio of -2.49 and a beta of 2.71. CIRCOR International has a 52 week low of $8.00 and a 52 week high of $46.79. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.70 and a current ratio of 2.45. The company’s 50-day moving average price is $28.20 and its 200 day moving average price is $23.27.

About CIRCOR International

CIRCOR International, Inc provides flow control products and services for the industrial and aerospace, and defense markets. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial. The Aerospace & Defense segment manufactures and markets control valves, automatic recirculation valves, regulators, fluid controls, actuation systems, landing gear components, pneumatic controls, electro-mechanical controls, and other flow control products and systems.

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