$0.45 Earnings Per Share Expected for CIRCOR International, Inc. (NYSE:CIR) This Quarter

Wall Street analysts expect that CIRCOR International, Inc. (NYSE:CIR) will announce earnings of $0.45 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for CIRCOR International’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.44. CIRCOR International reported earnings of $0.57 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 21.1%. The company is scheduled to issue its next earnings results on Thursday, July 25th.

On average, analysts expect that CIRCOR International will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.30. For the next financial year, analysts expect that the firm will report earnings of $2.84 per share, with EPS estimates ranging from $2.60 to $3.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for CIRCOR International.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $270.40 million during the quarter, compared to analysts’ expectations of $257.09 million. CIRCOR International had a negative net margin of 2.59% and a positive return on equity of 7.62%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share.

Several research firms have recently issued reports on CIR. TheStreet upgraded shares of CIRCOR International from a “d+” rating to a “c-” rating in a report on Friday, May 31st. Zacks Investment Research upgraded shares of CIRCOR International from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Sidoti cut shares of CIRCOR International from a “buy” rating to a “neutral” rating in a report on Tuesday, May 21st. Finally, ValuEngine cut shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. CIRCOR International presently has a consensus rating of “Hold” and a consensus target price of $38.67.

CIRCOR International stock opened at $44.79 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $895.42 million, a PE ratio of 21.53 and a beta of 2.14. CIRCOR International has a 12-month low of $19.73 and a 12-month high of $48.70.

Large investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in CIRCOR International by 18.5% during the fourth quarter. Rhumbline Advisers now owns 54,522 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 8,495 shares in the last quarter. United Services Automobile Association boosted its holdings in CIRCOR International by 1.0% during the fourth quarter. United Services Automobile Association now owns 171,943 shares of the industrial products company’s stock worth $3,662,000 after buying an additional 1,770 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CIRCOR International by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 195,136 shares of the industrial products company’s stock worth $4,156,000 after buying an additional 8,705 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in CIRCOR International during the fourth quarter worth approximately $161,000. Finally, Teton Advisors Inc. boosted its holdings in CIRCOR International by 7.4% during the first quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock worth $8,704,000 after buying an additional 18,346 shares in the last quarter.

CIRCOR International Company Profile

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. 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.

Recommended Story: What is the 52-week high/low?

Get a free copy of the Zacks research report on CIRCOR International (CIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CIRCOR International (NYSE:CIR)

Receive News & Ratings for CIRCOR International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIRCOR International and related companies with MarketBeat.com's FREE daily email newsletter.