Colfax Corp (CFX) Releases Quarterly Earnings, Misses Estimates By $0.01 EPS
Colfax Corp (NYSE:CFX) released its earnings data on Thursday. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.01, AR Network reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $0.26 earnings per share. Colfax Corp’s revenue was up 11.3% compared to the same quarter last year.
Shares of Colfax Corp (NYSE:CFX) traded down 1.34% during mid-day trading on Thursday, hitting $72.22. The stock had a trading volume of 912,046 shares. Colfax Corp has a 1-year low of $44.22 and a 1-year high of $73.85. The stock has a 50-day moving average of $70.1 and a 200-day moving average of $63.. The company has a market cap of $7.376 billion and a price-to-earnings ratio of 47.53.
A number of research firms have recently commented on CFX. Analysts at Barclays raised their price target on shares of Colfax Corp from $65.00 to $69.00 in a research note on Monday, April 14th. They now have an “equal weight” rating on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of Colfax Corp from $65.00 to $73.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Colfax Corp in a research note on Friday, March 28th. They set a “neutral” rating and a $69.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.78.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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