SPX FLOW, Inc. (FLOW) Expected to Post Earnings of $0.48 Per Share
Equities analysts predict that SPX FLOW, Inc. (NYSE:FLOW) will post earnings of $0.48 per share for the current quarter, according to Zacks. Three analysts have made estimates for SPX FLOW’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.45. SPX FLOW reported earnings of $0.46 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The business is expected to announce its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that SPX FLOW will report full year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.25. For the next fiscal year, analysts anticipate that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.12 to $2.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow SPX FLOW.
Several research firms recently weighed in on FLOW. Stifel Nicolaus upped their price objective on shares of SPX FLOW from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Seaport Global Securities restated a “buy” rating on shares of SPX FLOW in a research report on Wednesday, November 1st. Susquehanna Bancshares Inc upgraded shares of SPX FLOW from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 8th. Finally, BidaskClub cut shares of SPX FLOW from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. SPX FLOW presently has an average rating of “Hold” and an average price target of $38.00.
Shares of SPX FLOW (NYSE FLOW) traded down $0.27 during trading on Friday, hitting $41.17. 106,500 shares of the stock were exchanged, compared to its average volume of 188,458. SPX FLOW has a 52-week low of $28.55 and a 52-week high of $43.26. The stock has a market capitalization of $1,730.00 and a P/E ratio of 34.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.19 and a current ratio of 1.67.
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A hedge fund recently raised its stake in SPX FLOW stock. Stifel Financial Corp increased its holdings in SPX FLOW, Inc. (NYSE:FLOW) by 69.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,770 shares of the industrial products company’s stock after acquiring an additional 14,662 shares during the quarter. Stifel Financial Corp owned about 0.08% of SPX FLOW worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission. 85.69% of the stock is currently owned by hedge funds and other institutional investors.
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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