Equities research analysts expect SPX Flow Inc (NYSE:FLOW) to report $484.54 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for SPX Flow’s earnings. The lowest sales estimate is $482.20 million and the highest is $489.00 million. SPX Flow posted sales of $490.30 million during the same quarter last year, which suggests a negative year over year growth rate of 1.2%. The firm is expected to report its next earnings results on Wednesday, May 1st.
On average, analysts expect that SPX Flow will report full-year sales of $2.06 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.07 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.11 billion, with estimates ranging from $2.09 billion to $2.12 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for SPX Flow.
SPX Flow (NYSE:FLOW) last issued its earnings results on Tuesday, February 5th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. The company had revenue of $538.30 million during the quarter, compared to analyst estimates of $543.38 million. SPX Flow had a return on equity of 10.16% and a net margin of 2.11%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS.
A number of equities analysts recently issued reports on FLOW shares. Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine upgraded SPX Flow from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, Royal Bank of Canada lowered SPX Flow from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $27.00 in a research note on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. SPX Flow presently has an average rating of “Hold” and an average price target of $47.63.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLOW. Piedmont Investment Advisors Inc. increased its stake in shares of SPX Flow by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,119 shares of the industrial products company’s stock valued at $308,000 after purchasing an additional 326 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of SPX Flow by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 8,574 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 334 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of SPX Flow by 14.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 429 shares in the last quarter. Neuburgh Advisers LLC increased its stake in shares of SPX Flow by 10.0% in the 4th quarter. Neuburgh Advisers LLC now owns 5,082 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 462 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of SPX Flow by 10.0% in the 4th quarter. Flinton Capital Management LLC now owns 7,854 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 714 shares in the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.
FLOW stock traded down $0.10 during midday trading on Wednesday, reaching $34.10. The stock had a trading volume of 300,900 shares, compared to its average volume of 274,350. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.44 and a beta of 2.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.55 and a quick ratio of 1.08. SPX Flow has a 52-week low of $27.23 and a 52-week high of $54.92.
About SPX Flow
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.
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