Colfax (CFX) Set to Announce Earnings on Wednesday

Colfax (NYSE:CFX) will release its earnings data on Wednesday, January 31st. Colfax has set its FY17 guidance at $1.65-1.75 EPS.

Colfax (NYSE:CFX) last released its earnings results on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The firm had revenue of $844.50 million during the quarter, compared to analysts’ expectations of $901.09 million. During the same period in the previous year, the firm posted $0.39 EPS. Colfax’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts expect Colfax to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Colfax (NYSE:CFX) opened at $40.67 on Wednesday. Colfax has a one year low of $33.31 and a one year high of $43.29. The company has a market capitalization of $5,105.61, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.58 and a beta of 1.27. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

Several research firms recently commented on CFX. Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price (up from $44.00) on shares of Colfax in a research note on Tuesday, January 16th. Zacks Investment Research raised Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Tuesday, January 9th. Oppenheimer reaffirmed a “hold” rating on shares of Colfax in a report on Thursday, November 30th. Longbow Research raised Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.20.

In other news, SVP A. Lynne Puckett sold 7,270 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $42.01, for a total value of $305,412.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel A. Pryor sold 53,333 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total value of $2,034,653.95. Following the completion of the sale, the executive vice president now directly owns 93,557 shares of the company’s stock, valued at $3,569,199.55. The disclosure for this sale can be found here. 10.60% of the stock is owned by insiders.

A hedge fund recently raised its stake in Colfax stock. The Manufacturers Life Insurance Company raised its stake in shares of Colfax Corp (NYSE:CFX) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,688 shares of the industrial products company’s stock after acquiring an additional 251 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Colfax were worth $145,000 as of its most recent SEC filing. Institutional investors own 74.83% of the company’s stock.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.

Earnings History for Colfax (NYSE:CFX)

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