SPX Corp (SPXC) to Release Quarterly Earnings on Wednesday
SPX Corp (NASDAQ:SPXC) is set to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.28 per share for the quarter. SPX Corp has set its FY17 guidance at $1.65-1.75 EPS.
SPX Corp (NASDAQ:SPXC) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $349.70 million during the quarter, compared to analysts’ expectations of $354.84 million. SPX Corp had a negative return on equity of 15.86% and a negative net margin of 2.37%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, analysts expect SPX Corp to post $1.75 EPS for the current fiscal year and $2.10 EPS for the next fiscal year.
Shares of SPX Corp (SPXC) opened at 29.35 on Wednesday. The company’s 50-day moving average price is $25.53 and its 200 day moving average price is $25.30. The stock’s market cap is $1.25 billion. SPX Corp has a 1-year low of $15.49 and a 1-year high of $30.37.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered SPX Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised SPX Corp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th.
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SPX Corp Company Profile
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
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