SPX FLOW, Inc. (FLOW) Expected to Announce Quarterly Sales of $495.71 Million
Brokerages expect that SPX FLOW, Inc. (NYSE:FLOW) will announce sales of $495.71 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SPX FLOW’s earnings. The lowest sales estimate is $493.40 million and the highest is $498.02 million. SPX FLOW posted sales of $466.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The company is expected to announce its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that SPX FLOW will report full-year sales of $495.71 million for the current financial year, with estimates ranging from $1.95 billion to $1.96 billion. For the next year, analysts expect that the firm will report sales of $2.05 billion per share, with estimates ranging from $2.01 billion to $2.08 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for SPX FLOW.
FLOW has been the subject of a number of recent research reports. BidaskClub downgraded shares of SPX FLOW from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Susquehanna Bancshares Inc upgraded shares of SPX FLOW from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.00.
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Shares of SPX FLOW (NYSE:FLOW) traded up 1.48% during mid-day trading on Friday, reaching $36.32. 305,125 shares of the company traded hands. The company’s market capitalization is $1.54 billion. SPX FLOW has a 52 week low of $22.34 and a 52 week high of $40.66. The stock’s 50-day moving average is $35.72 and its 200-day moving average is $35.25.
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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