Analysts expect that SPX Flow Inc (NYSE:FLOW) will report $478.00 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for SPX Flow’s earnings, with the highest sales estimate coming in at $478.70 million and the lowest estimate coming in at $477.30 million. SPX Flow posted sales of $433.20 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The firm is expected to announce its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that SPX Flow will report full year sales of $478.00 million for the current fiscal year, with estimates ranging from $2.07 billion to $2.09 billion. For the next fiscal year, analysts expect that the business will post sales of $2.16 billion per share, with estimates ranging from $2.14 billion to $2.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for SPX Flow.
SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $529.20 million during the quarter, compared to the consensus estimate of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share.
SPX Flow (NYSE FLOW) opened at $54.45 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.55 and a quick ratio of 1.11. The firm has a market capitalization of $2,292.06, a P/E ratio of 50.42, a price-to-earnings-growth ratio of 0.54 and a beta of 2.05. SPX Flow has a one year low of $31.10 and a one year high of $54.80.
In other news, VP Jaime Manson Easley sold 4,665 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total value of $227,558.70. Following the completion of the sale, the vice president now directly owns 10,184 shares of the company’s stock, valued at $496,775.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of SPX Flow by 3.4% in the fourth quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock valued at $252,767,000 after buying an additional 176,983 shares during the last quarter. Rice Hall James & Associates LLC lifted its position 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 valued at $24,994,000 after buying an additional 74,611 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of SPX Flow by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock valued at $22,408,000 after buying an additional 1,890 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in SPX Flow during the 4th quarter worth approximately $21,587,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in SPX Flow by 0.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock worth $20,880,000 after purchasing an additional 3,009 shares during the last quarter. 87.62% of the stock is owned by institutional investors.
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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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