SPX FLOW, Inc. (FLOW) Expected to Announce Quarterly Sales of $494.46 Million
Wall Street analysts expect SPX FLOW, Inc. (NYSE:FLOW) to report $494.46 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for SPX FLOW’s earnings, with the lowest sales estimate coming in at $490.90 million and the highest estimate coming in at $498.02 million. SPX FLOW posted sales of $466.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The business is expected to announce its next earnings report before the market opens on Wednesday, November 1st.
According to Zacks, analysts expect that SPX FLOW will report full year sales of $494.46 million for the current fiscal year, with estimates ranging from $1.95 billion to $1.96 billion. For the next year, analysts anticipate that the firm will report sales of $2.05 billion per share, with estimates ranging from $2.01 billion to $2.09 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for SPX FLOW.
Several equities analysts recently commented on the company. Stifel Nicolaus increased their target price on SPX FLOW from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Susquehanna Bancshares Inc raised SPX FLOW from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Finally, BidaskClub lowered SPX FLOW from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.00.
Shares of SPX FLOW (NYSE:FLOW) opened at 41.92 on Tuesday. The stock has a 50 day moving average price of $39.18 and a 200-day moving average price of $39.18. The firm has a market cap of $1.78 billion, a PE ratio of 349.33 and a beta of 2.74. SPX FLOW has a 52-week low of $22.34 and a 52-week high of $43.26.
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About SPX FLOW
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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