SPX Flow Inc (NYSE:FLOW) Expected to Post Earnings of $0.48 Per Share

Brokerages expect SPX Flow Inc (NYSE:FLOW) to announce earnings of $0.48 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for SPX Flow’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.53. SPX Flow posted earnings per share of $0.70 in the same quarter last year, which would indicate a negative year over year growth rate of 31.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that SPX Flow will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.80 to $1.84. For the next fiscal year, analysts anticipate that the business will post earnings of $2.19 per share, with EPS estimates ranging from $1.96 to $2.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for SPX Flow.

SPX Flow (NYSE:FLOW) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.09). SPX Flow had a net margin of 4.51% and a return on equity of 9.47%. The business had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $500.94 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis.

A number of research firms have recently weighed in on FLOW. ValuEngine raised shares of SPX Flow from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research raised shares of SPX Flow from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Buckingham Research cut their price objective on shares of SPX Flow from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Seaport Global Securities lowered shares of SPX Flow from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.80.

Several large investors have recently bought and sold shares of FLOW. Los Angeles Capital Management & Equity Research Inc. increased its position in SPX Flow by 12.6% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,668 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 1,080 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in SPX Flow by 161.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,708 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 5,995 shares during the last quarter. Janney Montgomery Scott LLC increased its position in SPX Flow by 17.4% during the first quarter. Janney Montgomery Scott LLC now owns 44,222 shares of the industrial products company’s stock worth $1,411,000 after purchasing an additional 6,567 shares during the last quarter. Rhumbline Advisers increased its position in SPX Flow by 1.2% during the first quarter. Rhumbline Advisers now owns 126,215 shares of the industrial products company’s stock worth $4,026,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Comerica Bank increased its position in SPX Flow by 2.3% during the first quarter. Comerica Bank now owns 42,122 shares of the industrial products company’s stock worth $1,454,000 after purchasing an additional 953 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE FLOW traded down $1.25 on Monday, hitting $42.04. The company’s stock had a trading volume of 7,186 shares, compared to its average volume of 285,945. SPX Flow has a 12-month low of $27.23 and a 12-month high of $54.13. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.55 and a beta of 2.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.12 and a quick ratio of 1.77. The stock has a 50 day moving average of $35.98 and a 200-day moving average of $36.33.

SPX Flow Company Profile

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

See Also: Trading Ex-Dividend

Get a free copy of the Zacks research report on SPX Flow (FLOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SPX Flow (NYSE:FLOW)

Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.