Wall Street brokerages forecast that SPX Flow Inc (NYSE:FLOW) will announce earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for SPX Flow’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.39. SPX Flow posted earnings of ($0.01) per share during the same quarter last year, which would indicate a positive year over year growth rate of 3,800%. The business is expected to report its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that SPX Flow will report full-year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.51. For the next financial year, analysts anticipate that the firm will report earnings of $3.06 per share, with EPS estimates ranging from $2.99 to $3.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow SPX Flow.
SPX Flow (NYSE:FLOW) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $529.20 million for the quarter, compared to the consensus estimate of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share.
Several research firms recently commented on FLOW. Seaport Global Securities reaffirmed a “buy” rating on shares of SPX Flow in a report on Wednesday, November 1st. UBS Group cut SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus cut their price target on SPX Flow from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Robert W. Baird increased their price target on SPX Flow from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. SPX Flow currently has an average rating of “Hold” and a consensus price target of $50.00.
SPX Flow (NYSE:FLOW) traded up $0.29 during midday trading on Friday, hitting $48.69. The stock had a trading volume of 66,095 shares, compared to its average volume of 299,706. SPX Flow has a 1-year low of $31.06 and a 1-year high of $49.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.55. The stock has a market capitalization of $2,014.58, a P/E ratio of 44.86, a PEG ratio of 0.48 and a beta of 2.43.
In other news, VP Kevin Eamigh sold 6,944 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $45.67, for a total transaction of $317,132.48. Following the completion of the transaction, the vice president now directly owns 43,013 shares in the company, valued at $1,964,403.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in SPX Flow by 69.5% during the 3rd quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after buying an additional 14,662 shares during the last quarter. Spitfire Capital LLC lifted its holdings in SPX Flow by 3.5% during the 3rd quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after buying an additional 8,884 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in SPX Flow by 21.5% during the 3rd quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock worth $2,798,000 after buying an additional 12,818 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in SPX Flow by 6.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock worth $865,000 after buying an additional 1,100 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in SPX Flow during the 4th quarter worth about $1,190,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.
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About SPX Flow
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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