$510.74 Million in Sales Expected for SPX FLOW, Inc. (FLOW) This Quarter
Wall Street brokerages expect SPX FLOW, Inc. (NYSE:FLOW) to announce sales of $510.74 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for SPX FLOW’s earnings. The highest sales estimate is $515.30 million and the lowest is $506.60 million. SPX FLOW posted sales of $495.40 million in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The business is expected to announce its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that SPX FLOW will report full year sales of $510.74 million for the current fiscal year, with estimates ranging from $1.93 billion to $1.94 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.04 billion per share, with estimates ranging from $2.01 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for SPX FLOW.
A number of brokerages recently weighed in on FLOW. Seaport Global Securities reissued a “buy” rating on shares of SPX FLOW in a research note on Wednesday, November 1st. Stifel Nicolaus lifted their target price on SPX FLOW from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut SPX FLOW from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc raised SPX FLOW from a “neutral” rating to a “positive” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.00.
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An institutional investor recently raised its position in SPX FLOW stock. Stifel Financial Corp grew its position in shares of SPX FLOW, Inc. (NYSE:FLOW) by 69.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,770 shares of the industrial products company’s stock after buying an additional 14,662 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of SPX FLOW worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 85.69% of the company’s stock.
SPX FLOW (FLOW) traded down $0.02 during trading hours on Monday, reaching $41.44. The company had a trading volume of 92,900 shares, compared to its average volume of 188,834. The firm has a market capitalization of $1,756.85, a price-to-earnings ratio of 34.53, a P/E/G ratio of 1.15 and a beta of 2.77. SPX FLOW has a 1 year low of $28.36 and a 1 year high of $43.26. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 1.06.
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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