Brokerages expect SPX Flow Inc (NYSE:FLOW) to report $503.13 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for SPX Flow’s earnings. The highest sales estimate is $507.30 million and the lowest is $500.09 million. SPX Flow posted sales of $531.20 million in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The firm is expected to announce its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that SPX Flow will report full year sales of $2.06 billion for the current year, with estimates ranging from $2.05 billion to $2.07 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.10 billion, with estimates ranging from $2.08 billion to $2.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for SPX Flow.
SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $491.10 million for the quarter, compared to analyst estimates of $482.11 million. SPX Flow had a return on equity of 10.42% and a net margin of 2.30%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS.
Several equities analysts recently commented on the company. Zacks Investment Research raised SPX Flow from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. ValuEngine raised SPX Flow from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.17.
Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in SPX Flow by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,937,095 shares of the industrial products company’s stock worth $58,927,000 after acquiring an additional 187,027 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in SPX Flow during the 1st quarter worth approximately $234,000. Norges Bank purchased a new stake in SPX Flow during the 4th quarter worth approximately $18,742,000. Geode Capital Management LLC increased its holdings in SPX Flow by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 449,630 shares of the industrial products company’s stock worth $13,677,000 after purchasing an additional 34,436 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in SPX Flow by 2.9% during the 1st quarter. First Allied Advisory Services Inc. now owns 22,125 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 632 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
NYSE FLOW opened at $38.32 on Wednesday. The stock has a market capitalization of $1.67 billion, a PE ratio of 16.61, a PEG ratio of 1.68 and a beta of 1.99. SPX Flow has a 1-year low of $27.23 and a 1-year high of $54.13. The company has a current ratio of 1.53, a quick ratio of 1.05 and a debt-to-equity ratio of 0.74.
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.
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