Colfax Corp (NYSE:CFX) – Oppenheimer dropped their Q4 2017 earnings per share (EPS) estimates for Colfax in a research report issued to clients and investors on Thursday. Oppenheimer analyst J. Giannakouros now expects that the industrial products company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.49. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Colfax’s FY2019 earnings at $1.90 EPS.

A number of other analysts also recently issued reports on the company. Longbow Research raised Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Zacks Investment Research downgraded Colfax from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price target on shares of Colfax in a report on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and set a $50.00 price target on shares of Colfax in a report on Friday, October 27th. Finally, Cowen downgraded Colfax from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.40.

Shares of Colfax (CFX) traded up $0.77 during midday trading on Friday, reaching $37.26. The company’s stock had a trading volume of 817,500 shares, compared to its average volume of 714,074. The stock has a market cap of $4,590.00, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47. Colfax has a 12 month low of $33.31 and a 12 month high of $43.29.

Colfax (NYSE:CFX) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. Colfax had a return on equity of 6.26% and a net margin of 4.89%. Colfax’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFX. Wells Fargo & Company MN increased its position in Colfax by 97.2% during the 3rd quarter. Wells Fargo & Company MN now owns 2,959,647 shares of the industrial products company’s stock worth $123,239,000 after purchasing an additional 1,458,683 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Colfax by 82.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,897,556 shares of the industrial products company’s stock worth $120,655,000 after acquiring an additional 1,306,927 shares in the last quarter. Oak Ridge Investments LLC purchased a new stake in shares of Colfax during the 2nd quarter worth approximately $46,085,000. Balyasny Asset Management LLC purchased a new stake in shares of Colfax during the 2nd quarter worth approximately $35,722,000. Finally, Lodge Hill Capital LLC boosted its stake in shares of Colfax by 37.9% during the 2nd quarter. Lodge Hill Capital LLC now owns 2,020,200 shares of the industrial products company’s stock worth $79,535,000 after acquiring an additional 555,000 shares in the last quarter. Institutional investors own 74.83% of the company’s stock.

In related news, SVP Stephen Wittig sold 29,189 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the transaction, the senior vice president now owns 15,479 shares in the company, valued at approximately $608,324.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.60% of the stock is currently owned by insiders.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Earnings History and Estimates for Colfax (NYSE:CFX)

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