FY2017 EPS Estimates for Colfax Corp Reduced by Oppenheimer (CFX)

Colfax Corp (NYSE:CFX) – Stock analysts at Oppenheimer decreased their FY2017 EPS estimates for shares of Colfax in a note issued to investors on Wednesday. Oppenheimer analyst J. Giannakouros now expects that the industrial products company will earn $1.74 per share for the year, down from their prior forecast of $1.80. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Colfax’s Q4 2017 earnings at $0.44 EPS.

Colfax (NYSE:CFX) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Colfax had a net margin of 5.88% and a return on equity of 5.43%. The firm had revenue of $844.50 million for the quarter, compared to analyst estimates of $901.09 million. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.

CFX has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, January 9th. Citigroup restated a “sell” rating and issued a $40.00 target price (up previously from $39.00) on shares of Colfax in a research report on Monday, October 9th. Royal Bank of Canada restated a “buy” rating and issued a $44.00 target price on shares of Colfax in a research report on Tuesday, November 7th. Robert W. Baird reiterated a “buy” rating and set a $50.00 price target on shares of Colfax in a report on Friday, October 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Colfax in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Colfax currently has an average rating of “Buy” and a consensus price target of $46.20.

Shares of Colfax (CFX) opened at $41.04 on Monday. Colfax has a 52-week low of $33.31 and a 52-week high of $43.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47. The firm has a market cap of $5,050.00, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26.

Several large investors have recently modified their holdings of CFX. Vanguard Group Inc. raised its stake in Colfax by 0.4% during the second quarter. Vanguard Group Inc. now owns 6,625,006 shares of the industrial products company’s stock worth $260,827,000 after buying an additional 28,081 shares during the last quarter. BlackRock Inc. raised its stake in Colfax by 1.7% during the second quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock worth $164,353,000 after buying an additional 70,676 shares during the last quarter. Wells Fargo & Company MN raised its stake in Colfax by 97.2% during the third quarter. Wells Fargo & Company MN now owns 2,959,647 shares of the industrial products company’s stock worth $123,239,000 after buying an additional 1,458,683 shares during the last quarter. Victory Capital Management Inc. raised its stake in Colfax by 82.2% during the third quarter. Victory Capital Management Inc. now owns 2,897,556 shares of the industrial products company’s stock worth $120,655,000 after buying an additional 1,306,927 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Colfax by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,737,287 shares of the industrial products company’s stock worth $113,984,000 after buying an additional 10,709 shares during the last quarter. Institutional investors own 74.83% of the company’s stock.

In other news, SVP A. Lynne Puckett sold 7,270 shares of Colfax stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $42.01, for a total transaction of $305,412.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel A. Pryor sold 53,333 shares of Colfax stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the transaction, the executive vice president now owns 93,557 shares in the company, valued at approximately $3,569,199.55. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by insiders.

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About Colfax

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 and Estimates for Colfax (NYSE:CFX)

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