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.

In other news, VP Kevin Eamigh sold 6,944 shares of SPX Flow stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $45.67, for a total transaction of $317,132.48. Following the completion of the transaction, the vice president now directly owns 43,013 shares in the company, valued at $1,964,403.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Adam Kowalski sold 24,000 shares of SPX Flow stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the transaction, the insider now owns 118,033 shares of the company’s stock, valued at $4,950,304.02. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.

TRADEMARK VIOLATION WARNING: “SPX Flow Inc (FLOW) Expected to Post Earnings of $0.48 Per Share” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/03/spx-flow-inc-flow-expected-to-post-earnings-of-0-48-per-share.html.

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.

Get a free copy of the Zacks research report on SPX Flow (FLOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.