Equities analysts predict that CIRCOR International, Inc. (NYSE:CIR) will post $207.45 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for CIRCOR International’s earnings, with estimates ranging from $206.20 million to $208.70 million. CIRCOR International posted sales of $186.64 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The firm is scheduled to announce its next earnings results on Thursday, November 4th.
On average, analysts expect that CIRCOR International will report full-year sales of $810.70 million for the current year, with estimates ranging from $807.90 million to $813.50 million. For the next year, analysts forecast that the firm will report sales of $871.15 million, with estimates ranging from $869.20 million to $873.10 million. 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 released its earnings results on Monday, August 9th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. CIRCOR International had a negative net margin of 12.42% and a positive return on equity of 16.23%. The firm had revenue of $190.35 million during the quarter, compared to analyst estimates of $188.55 million.
CIR stock traded down $0.23 during trading on Friday, hitting $31.56. 256 shares of the company’s stock traded hands, compared to its average volume of 118,152. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 2.80. CIRCOR International has a 52 week low of $24.75 and a 52 week high of $43.20. The stock has a fifty day moving average price of $32.01 and a two-hundred day moving average price of $34.30. The stock has a market capitalization of $639.18 million, a price-to-earnings ratio of -6.69 and a beta of 2.66.
Several institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY grew its position in shares of CIRCOR International by 104,233.3% during the second quarter. Metropolitan Life Insurance Co NY now owns 6,260 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 6,254 shares during the last quarter. Amalgamated Bank bought a new position in shares of CIRCOR International during the second quarter worth about $344,000. UBS Asset Management Americas Inc. grew its position in shares of CIRCOR International by 21.3% during the second quarter. UBS Asset Management Americas Inc. now owns 7,774 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 1,367 shares during the last quarter. Acuitas Investments LLC grew its position in shares of CIRCOR International by 18.9% during the second quarter. Acuitas Investments LLC now owns 77,911 shares of the industrial products company’s stock worth $2,540,000 after acquiring an additional 12,361 shares during the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of CIRCOR International during the second quarter worth about $32,000. Institutional investors and hedge funds own 95.23% of the company’s stock.
About CIRCOR International
CIRCOR International, Inc engages in the provision of mission-critical flow control products and services for the Industrial and Aerospace & Defense markets. It operates through the following segments: Aerospace & Defense, and Industrial. The Aerospace and Defense segment is a diversified flow control technology platform.
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