$511.30 Million in Sales Expected for SPX Flow Inc (FLOW) This Quarter

Analysts expect that SPX Flow Inc (NYSE:FLOW) will announce sales of $511.30 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for SPX Flow’s earnings, with estimates ranging from $505.10 million to $515.30 million. SPX Flow posted sales of $495.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The company is scheduled to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that SPX Flow will report full-year sales of $511.30 million for the current fiscal year, with estimates ranging from $1.93 billion to $1.94 billion. For the next financial year, analysts forecast that the company will report sales of $2.05 billion per share, with estimates ranging from $2.02 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow SPX Flow.

FLOW has been the topic of several research reports. Wolfe Research lowered SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Seaport Global Securities restated a “buy” rating on shares of SPX Flow in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus raised their price target on SPX Flow from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

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

A number of hedge funds have recently modified their holdings of the stock. Spitfire Capital LLC boosted its position in SPX Flow by 3.5% during the third quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock valued at $10,179,000 after purchasing an additional 8,884 shares in the last quarter. GSA Capital Partners LLP boosted its position in SPX Flow by 21.5% during the third quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock valued at $2,798,000 after purchasing an additional 12,818 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in SPX Flow by 69.5% during the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock valued at $1,379,000 after purchasing an additional 14,662 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors.

SPX Flow (NYSE:FLOW) opened at $47.35 on Friday. The company has a market capitalization of $1,999.35, a price-to-earnings ratio of 91.06, a PEG ratio of 0.70 and a beta of 2.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.19 and a current ratio of 1.67. SPX Flow has a 52 week low of $31.06 and a 52 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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