Equities research analysts expect CIRCOR International, Inc. (NYSE:CIR) to announce earnings of $0.48 per share for the current quarter, according to Zacks. Two analysts have issued estimates for CIRCOR International’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.48. CIRCOR International posted earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The company is scheduled to report its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that CIRCOR International will report full year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.05 to $2.16. For the next financial year, analysts expect that the company will report earnings of $3.48 per share, with EPS estimates ranging from $3.30 to $3.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow CIRCOR International.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). CIRCOR International had a positive return on equity of 7.47% and a negative net margin of 4.81%. The company had revenue of $269.61 million during the quarter, compared to the consensus estimate of $277.06 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

Several research firms have recently issued reports on CIR. Citigroup reduced their price target on CIRCOR International from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Sidoti raised shares of CIRCOR International from a “neutral” rating to a “buy” rating in a research report on Thursday, July 18th. Zacks Investment Research cut shares of CIRCOR International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. ValuEngine raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus raised shares of CIRCOR International from a “hold” rating to a “buy” rating and cut their price target for the company from $50.00 to $47.00 in a research report on Sunday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. CIRCOR International presently has an average rating of “Hold” and an average price target of $48.75.

Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new stake in CIRCOR International during the second quarter valued at $31,000. Panagora Asset Management Inc. bought a new stake in shares of CIRCOR International during the 2nd quarter worth $192,000. SG Americas Securities LLC lifted its holdings in shares of CIRCOR International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,070 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 1,653 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of CIRCOR International by 64.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,149 shares of the industrial products company’s stock worth $513,000 after acquiring an additional 4,349 shares during the last quarter. Finally, Wilen Investment Management CORP. lifted its holdings in shares of CIRCOR International by 30.0% during the 2nd quarter. Wilen Investment Management CORP. now owns 12,794 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 2,952 shares during the last quarter.

Shares of NYSE:CIR traded down $0.24 during midday trading on Wednesday, hitting $36.00. The company had a trading volume of 1,636 shares, compared to its average volume of 196,027. CIRCOR International has a 12 month low of $19.73 and a 12 month high of $47.80. The company has a current ratio of 2.24, a quick ratio of 1.35 and a debt-to-equity ratio of 1.47. The stock has a market cap of $717.77 million, a price-to-earnings ratio of 17.20 and a beta of 2.14. The firm has a fifty day simple moving average of $35.94 and a 200 day simple moving average of $37.98.

About CIRCOR International

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.

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

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