Wall Street analysts predict that Spx Flow (NYSE:FLOW) will announce $0.37 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Spx Flow’s earnings, with estimates ranging from $0.35 to $0.39. Spx Flow reported earnings of ($0.01) per share in the same quarter last year, which would indicate a positive year over year growth rate of 3,800%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, May 2nd.
On average, 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 $2.50. For the next financial year, analysts expect that the business will report earnings of $3.07 per share, with EPS estimates ranging from $2.99 to $3.16. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Spx Flow.
Spx Flow (NYSE:FLOW) last announced its quarterly 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 company had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $515.37 million. Spx Flow had a return on equity of 6.13% and a net margin of 2.38%. Spx Flow’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share.
A number of analysts recently weighed in on the stock. Vertical Research lowered shares of Spx Flow from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus reduced their price objective on shares of Spx Flow from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Robert W. Baird raised their price objective on shares of Spx Flow from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Barclays assumed coverage on shares of Spx Flow in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Spx Flow in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.67.
Shares of Spx Flow stock opened at $50.47 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.55 and a quick ratio of 1.11. The company has a market capitalization of $2,123.79, a P/E ratio of 39.74, a P/E/G ratio of 0.51 and a beta of 1.93. Spx Flow has a fifty-two week low of $31.10 and a fifty-two week high of $54.92.
In other news, VP Jaime Manson Easley sold 4,665 shares of Spx Flow stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $48.78, for a total transaction of $227,558.70. Following the transaction, the vice president now directly owns 10,184 shares of the company’s stock, valued at $496,775.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in FLOW. Louisiana State Employees Retirement System boosted its holdings in Spx Flow by 6.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 1,100 shares during the period. Flinton Capital Management LLC increased its position in Spx Flow by 28.7% during the 4th quarter. Flinton Capital Management LLC now owns 5,950 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 1,326 shares in the last quarter. Bank of New York Mellon Corp increased its position in Spx Flow by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock worth $22,408,000 after purchasing an additional 1,890 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Spx Flow by 0.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock worth $20,880,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Spx Flow during the 4th quarter worth approximately $202,000. 87.60% of the stock is currently owned by institutional investors.
Spx Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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