SPX Flow Inc (NYSE:FLOW) – Research analysts at Seaport Global Securities boosted their Q3 2019 earnings per share estimates for SPX Flow in a research note issued to investors on Tuesday, October 30th. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.95 for the quarter, up from their previous estimate of $0.84. Seaport Global Securities has a “Buy” rating and a $45.00 price objective on the stock.
SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The business had revenue of $530.30 million during the quarter, compared to analysts’ expectations of $521.01 million. SPX Flow had a return on equity of 9.59% and a net margin of 4.89%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS.
FLOW has been the subject of several other reports. Barclays reduced their price objective on SPX Flow from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Thursday. Buckingham Research reduced their price objective on SPX Flow from $60.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday. TheStreet cut SPX Flow from a “b” rating to a “c+” rating in a report on Monday. ValuEngine cut SPX Flow from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Zacks Investment Research cut SPX Flow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.00.
FLOW opened at $35.98 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.62 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.53 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89. SPX Flow has a 12 month low of $33.85 and a 12 month high of $54.92.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC acquired a new position in shares of SPX Flow in the second quarter worth $134,000. Russell Investments Group Ltd. raised its holdings in shares of SPX Flow by 205.2% in the second quarter. Russell Investments Group Ltd. now owns 4,300 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 2,891 shares during the last quarter. Sei Investments Co. raised its holdings in shares of SPX Flow by 1,203.0% in the first 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 during the last quarter. Aristotle Atlantic Partners LLC raised its holdings in shares of SPX Flow by 42.9% in the second quarter. Aristotle Atlantic Partners LLC now owns 6,042 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 1,813 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of SPX Flow by 24.0% in the first quarter. Xact Kapitalforvaltning AB now owns 6,709 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 1,300 shares during the last quarter. 87.44% of the stock is owned by institutional investors.
SPX Flow Company Profile
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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