Equities analysts expect SPX Flow Inc (NYSE:FLOW) to post sales of $367.33 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for SPX Flow’s earnings. The lowest sales estimate is $365.20 million and the highest is $369.80 million. SPX Flow posted sales of $530.30 million during the same quarter last year, which would indicate a negative year over year growth rate of 30.7%. The business is scheduled to announce its next earnings results on Tuesday, October 29th.
On average, analysts expect that SPX Flow will report full year sales of $1.50 billion for the current financial year. For the next fiscal year, analysts forecast that the business will report sales of $1.52 billion, with estimates ranging from $1.51 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for SPX Flow.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). The company had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $500.94 million. SPX Flow had a return on equity of 9.47% and a net margin of 4.51%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS.
A number of equities analysts have recently commented on FLOW shares. Buckingham Research cut their target price on shares of SPX Flow from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. ValuEngine raised shares of SPX Flow from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Seaport Global Securities cut shares of SPX Flow from a “buy” rating to a “neutral” rating in a report on Tuesday, August 13th. Finally, Zacks Investment Research raised shares of SPX Flow from a “sell” rating to a “hold” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.80.
Shares of SPX Flow stock traded down $1.11 during trading on Tuesday, reaching $31.50. The company’s stock had a trading volume of 476,750 shares, compared to its average volume of 279,917. The company has a 50-day moving average price of $37.68 and a two-hundred day moving average price of $36.22. The firm has a market cap of $1.39 billion, a PE ratio of 13.58, a P/E/G ratio of 1.95 and a beta of 2.03. SPX Flow has a fifty-two week low of $27.23 and a fifty-two week high of $54.13. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 0.68.
Institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp acquired a new position in SPX Flow in the 2nd quarter valued at $29,000. Quantamental Technologies LLC acquired a new position in SPX Flow in the 2nd quarter valued at $118,000. Squar Milner Financial Services LLC increased its stake in SPX Flow by 71.4% in the 1st quarter. Squar Milner Financial Services LLC now owns 4,717 shares of the industrial products company’s stock valued at $150,000 after buying an additional 1,965 shares during the period. Nisa Investment Advisors LLC increased its stake in SPX Flow by 50.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,400 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in SPX Flow in the 2nd quarter valued at $228,000. 90.41% of the stock is currently owned by institutional investors.
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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