SPX Flow Inc (NYSE:FLOW) – Equities researchers at Seaport Global Securities raised their Q1 2018 earnings per share (EPS) estimates for SPX Flow in a report released on Wednesday. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings of $0.38 per share for the quarter, up from their prior forecast of $0.35. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for SPX Flow’s Q2 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $2.47 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.78 EPS, Q4 2019 earnings at $0.99 EPS and FY2019 earnings at $2.99 EPS.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $62.00 price target (up previously from $55.00) on shares of SPX Flow in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “hold” rating and set a $50.00 price target on shares of SPX Flow in a research report on Wednesday. UBS Group cut shares of SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Robert W. Baird boosted their price objective on shares of SPX Flow from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. SPX Flow has an average rating of “Hold” and an average target price of $50.00.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. The company had revenue of $529.20 million for the quarter, compared to analysts’ expectations of $515.37 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. SPX Flow’s quarterly revenue was up 6.8% on a year-over-year basis.
In related news, insider David Adam Kowalski sold 24,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 118,033 shares of the company’s stock, valued at $4,950,304.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Eamigh sold 6,944 shares of the business’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 directly owns 43,013 shares in the company, valued at approximately $1,964,403.71. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FLOW. Mesirow Financial Investment Management Equity Management bought a new position in shares of SPX Flow in the fourth quarter worth approximately $21,587,000. Rice Hall James & Associates LLC lifted its stake in shares of SPX Flow by 16.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 525,644 shares of the industrial products company’s stock worth $24,994,000 after buying an additional 74,611 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of SPX Flow in the fourth quarter worth approximately $1,190,000. Stifel Financial Corp lifted its stake in shares of SPX Flow by 69.5% in the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after buying an additional 14,662 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of SPX Flow in the fourth quarter worth approximately $673,000. Hedge funds and other institutional investors own 86.98% of the company’s stock.
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About SPX Flow
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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