Analysts expect SPX Flow Inc (NYSE:FLOW) to announce earnings per share (EPS) of $0.46 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for SPX Flow’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.48. SPX Flow reported earnings of $0.33 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that SPX Flow will report full-year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.43 to $2.46. For the next fiscal year, analysts forecast that the company will report earnings of $3.03 per share, with EPS estimates ranging from $3.00 to $3.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover SPX Flow.
SPX Flow (NYSE:FLOW) last announced its earnings results on Wednesday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. SPX Flow had a return on equity of 7.71% and a net margin of 3.45%. The business had revenue of $490.30 million for the quarter, compared to analyst estimates of $479.60 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year.
A number of brokerages have recently issued reports on FLOW. Wolfe Research began coverage on SPX Flow in a research report on Wednesday. They set a “market perform” rating on the stock. ValuEngine lowered SPX Flow from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Vertical Research lowered SPX Flow from a “buy” rating to a “hold” rating in a research report on Monday, April 16th. Stifel Nicolaus lifted their target price on SPX Flow from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 16th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $61.00 price target on shares of SPX Flow in a research note on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.67.
Shares of SPX Flow traded down $0.90, reaching $43.36, during midday trading on Friday, according to MarketBeat. 7,304 shares of the company’s stock were exchanged, compared to its average volume of 237,669. SPX Flow has a 52-week low of $31.10 and a 52-week high of $54.92. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 34.85 and a beta of 1.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.53.
A number of large investors have recently bought and sold shares of FLOW. Teacher Retirement System of Texas acquired a new position in SPX Flow in the fourth quarter worth about $673,000. Wells Fargo & Company MN grew its stake in SPX Flow by 95.5% in the fourth quarter. Wells Fargo & Company MN now owns 76,307 shares of the industrial products company’s stock worth $3,628,000 after purchasing an additional 37,284 shares in the last quarter. Arizona State Retirement System grew its stake in SPX Flow by 224.6% in the fourth quarter. Arizona State Retirement System now owns 71,090 shares of the industrial products company’s stock worth $3,380,000 after purchasing an additional 49,190 shares in the last quarter. Rhumbline Advisers grew its stake in SPX Flow by 16.3% in the fourth quarter. Rhumbline Advisers now owns 98,727 shares of the industrial products company’s stock worth $4,694,000 after purchasing an additional 13,810 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in SPX Flow by 0.4% in the fourth 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. Institutional investors and hedge funds own 87.11% of the company’s stock.
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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