Spx Flow (NYSE:FLOW) posted its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04, MarketWatch Earnings reports. The firm had revenue of $490.30 million for the quarter, compared to the consensus estimate of $479.60 million. Spx Flow had a return on equity of 7.71% and a net margin of 3.45%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. Spx Flow updated its FY18 guidance to $2.21-2.56 EPS.
Spx Flow opened at $44.45 on Friday, according to Marketbeat Ratings. Spx Flow has a 12 month low of $44.05 and a 12 month high of $44.58. The firm has a market cap of $1.88 billion, a P/E ratio of 35.00, a P/E/G ratio of 0.45 and a beta of 1.96. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.81.
Several research firms recently issued reports on FLOW. Zacks Investment Research downgraded Spx Flow from a “buy” rating to a “hold” rating in a report on Monday, March 19th. Vertical Research downgraded Spx Flow from a “buy” rating to a “hold” rating in a report on Monday, April 16th. Stifel Nicolaus boosted their price objective on Spx Flow from $60.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 16th. UBS downgraded Spx Flow from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated a “buy” rating and issued a $61.00 price objective on shares of Spx Flow in a report on Wednesday, April 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Spx Flow has a consensus rating of “Hold” and a consensus price target of $54.67.
In related news, VP Jaime Manson Easley sold 4,665 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total transaction of $227,558.70. Following the completion of the transaction, the vice president now directly owns 10,184 shares of the company’s stock, valued at approximately $496,775.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Spx Flow during the 1st quarter worth about $206,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Spx Flow during the 4th quarter worth about $202,000. Elkfork Partners LLC acquired a new position in shares of Spx Flow during the 4th quarter worth about $233,000. Sei Investments Co. boosted its position in shares of Spx Flow by 1,203.0% during the 1st quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 4,752 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Spx Flow during the 4th quarter worth about $254,000. 86.18% of the stock is owned by institutional investors and hedge funds.
About Spx Flow
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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