Colfax Corp (NYSE:CFX) – Stock analysts at Oppenheimer issued their Q1 2019 EPS estimates for Colfax in a research note issued to investors on Monday, February 18th. Oppenheimer analyst B. Blair anticipates that the industrial products company will post earnings of $0.54 per share for the quarter. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Colfax’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.66 EPS and Q4 2019 earnings at $0.78 EPS.
Colfax (NYSE:CFX) last announced its quarterly earnings data on Wednesday, February 13th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $982.49 million. Colfax had a return on equity of 7.72% and a net margin of 3.82%. Colfax’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share.
Other equities analysts have also recently issued reports about the company. CIBC reissued an “average” rating and set a $20.00 price objective on shares of Colfax in a report on Monday, January 14th. Zacks Investment Research reaffirmed a “buy” rating and issued a $22.00 price target on shares of Colfax in a research note on Monday, December 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price target on shares of Colfax in a research note on Wednesday, December 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $35.00 price target on shares of Colfax in a research note on Monday, October 29th. Finally, Argus decreased their price target on Colfax from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Colfax has a consensus rating of “Hold” and a consensus price target of $30.93.
Shares of NYSE CFX opened at $26.69 on Wednesday. The stock has a market cap of $3.15 billion, a P/E ratio of 11.55, a PEG ratio of 0.78 and a beta of 1.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.83. Colfax has a 1-year low of $18.95 and a 1-year high of $37.05.
In related news, SVP Lynn H. Clark sold 2,666 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $26.50, for a total transaction of $70,649.00. Following the completion of the sale, the senior vice president now owns 35,662 shares in the company, valued at $945,043. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew L. Trerotola sold 22,553 shares of the company’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $21.36, for a total value of $481,732.08. Following the sale, the chief executive officer now owns 244,193 shares of the company’s stock, valued at approximately $5,215,962.48. The disclosure for this sale can be found here. 10.20% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new stake in Colfax during the fourth quarter valued at about $27,000. SG Americas Securities LLC bought a new stake in Colfax during the fourth quarter valued at about $112,000. TLP Group LLC grew its holdings in Colfax by 166,250.0% during the third quarter. TLP Group LLC now owns 3,327 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 3,325 shares during the period. Group One Trading L.P. bought a new stake in Colfax during the fourth quarter valued at about $121,000. Finally, Citigroup Inc. grew its holdings in Colfax by 457.7% during the fourth quarter. Citigroup Inc. now owns 8,065 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 6,619 shares during the period. Institutional investors own 79.07% of the company’s stock.
Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.
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