SPX Flow (NYSE:FLOW) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.21-2.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44. The company issued revenue guidance of $2025-2075 million, compared to the consensus revenue estimate of $2.06 billion.
FLOW has been the topic of several research reports. Wolfe Research lowered SPX Flow from a market perform rating to an underperform rating in a research report on Monday, November 20th. Seaport Global Securities restated a buy rating on shares of SPX Flow in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a buy rating and set a $62.00 price objective (up previously from $55.00) on shares of SPX Flow in a report on Tuesday, January 16th. UBS Group 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, Zacks Investment Research raised SPX Flow from a hold rating to a buy rating and set a $55.00 price target on the stock in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $50.00.
SPX Flow (FLOW) traded down $0.03 during midday trading on Tuesday, hitting $46.38. 29,516 shares of the stock were exchanged, compared to its average volume of 297,279. The firm has a market capitalization of $1,929.17, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 0.46 and a beta of 2.43. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. SPX Flow has a 52 week low of $31.06 and a 52 week high of $49.50.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $529.20 million for the quarter, compared to analysts’ expectations of $515.37 million. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. research analysts predict that SPX Flow will post 2.47 earnings per share for the current year.
In other news, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the transaction, the insider now owns 118,033 shares in the company, valued at $4,950,304.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Eamigh sold 6,944 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $45.67, for a total transaction of $317,132.48. Following the sale, the vice president now directly owns 43,013 shares of the company’s stock, valued at $1,964,403.71. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
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SPX Flow Company Profile
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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