Brokerages expect that SPX FLOW, Inc. (NYSE:FLOW) will report $387.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for SPX FLOW’s earnings. The lowest sales estimate is $380.50 million and the highest is $395.30 million. SPX FLOW reported sales of $356.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 27th.
On average, analysts expect that SPX FLOW will report full year sales of $1.54 billion for the current year, with estimates ranging from $1.50 billion to $1.57 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.61 billion, with estimates ranging from $1.59 billion to $1.64 billion. Zacks’ sales averages are an average based on a survey of analysts that follow SPX FLOW.
SPX FLOW (NYSE:FLOW) last released its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. SPX FLOW had a net margin of 4.38% and a return on equity of 9.29%. The business had revenue of $381.60 million during the quarter, compared to analyst estimates of $367.19 million. During the same period in the previous year, the business earned $0.27 EPS. SPX FLOW’s revenue was up 23.9% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in SPX FLOW in the 1st quarter worth $26,000. Harvest Fund Management Co. Ltd purchased a new position in SPX FLOW in the 1st quarter worth $28,000. Banque Cantonale Vaudoise purchased a new position in SPX FLOW in the 2nd quarter worth $29,000. Captrust Financial Advisors raised its position in SPX FLOW by 144.9% in the 1st quarter. Captrust Financial Advisors now owns 524 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 310 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of SPX FLOW by 32.8% in the second quarter. Lazard Asset Management LLC now owns 672 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 166 shares during the period. 94.85% of the stock is owned by institutional investors.
NYSE:FLOW traded up $0.47 during trading hours on Friday, hitting $77.52. The stock had a trading volume of 3,032 shares, compared to its average volume of 212,882. The company has a 50 day simple moving average of $76.62 and a two-hundred day simple moving average of $69.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.20. SPX FLOW has a one year low of $40.96 and a one year high of $86.17. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 0.76 and a beta of 1.81.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 14th. Stockholders of record on Wednesday, June 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, June 29th. SPX FLOW’s dividend payout ratio is currently 24.49%.
About SPX FLOW
SPX Flow, Inc engages in manufacturing and distributing industrial components. It operates through the following segments: Food & Beverage and Industrial. The Food and Beverage segment includes mixing, drying, evaporation, and separation systems and components, heat exchangers, and reciprocating and centrifugal pump technologies.
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