SPX Flow Inc (FLOW) Expected to Post Earnings of $0.48 Per Share
Analysts expect that SPX Flow Inc (NYSE:FLOW) will report earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for SPX Flow’s earnings, with estimates ranging from $0.45 to $0.51. SPX Flow reported earnings per share of $0.46 in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that SPX Flow will report full year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.25. For the next fiscal year, analysts anticipate that the business will report earnings of $2.31 per share, with EPS estimates ranging from $2.18 to $2.44. Zacks’ earnings per share averages are an average based on a survey of analysts that follow SPX Flow.
Several analysts have weighed in on FLOW shares. Stifel Nicolaus lifted their price objective on SPX Flow from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Seaport Global Securities reaffirmed a “buy” rating on shares of SPX Flow in a research report on Wednesday, November 1st. Finally, Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.00.
Several hedge funds have recently added to or reduced their stakes in FLOW. Stifel Financial Corp raised its holdings in SPX Flow by 69.5% in the 3rd quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 14,662 shares during the last quarter. GSA Capital Partners LLP raised its holdings in SPX Flow by 21.5% in the 3rd quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock worth $2,798,000 after acquiring an additional 12,818 shares during the last quarter. Finally, Spitfire Capital LLC raised its holdings in SPX Flow by 3.5% in the 3rd quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after acquiring an additional 8,884 shares during the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.
SPX Flow (FLOW) traded up $0.02 during trading on Wednesday, reaching $47.18. The company’s stock had a trading volume of 146,717 shares, compared to its average volume of 201,900. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.19 and a current ratio of 1.67. The company has a market cap of $2,000.00 and a PE ratio of 89.02. SPX Flow has a fifty-two week low of $31.06 and a fifty-two week high of $48.21.
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SPX Flow Company Profile
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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