Northcoast Research Weighs in on Colfax Corporation’s FY2017 Earnings (CFX)
Colfax Corporation (NYSE:CFX) – Analysts at Northcoast Research issued their FY2017 EPS estimates for Colfax Corporation in a note issued to investors on Monday. Northcoast Research analyst T. Hayes anticipates that the industrial products company will post earnings of $1.72 per share for the year. Northcoast Research also issued estimates for Colfax Corporation’s Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $1.83 EPS.
A number of other equities analysts also recently issued reports on CFX. BidaskClub downgraded shares of Colfax Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Robert W. Baird upgraded shares of Colfax Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $47.00 to $50.00 in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, August 1st. KeyCorp upgraded shares of Colfax Corporation from a “sector weight” rating to an “overweight” rating and set a $46.00 target price for the company in a report on Friday, August 25th. They noted that the move was a valuation call. Finally, Argus restated a “buy” rating and set a $50.00 target price on shares of Colfax Corporation in a report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $46.40.
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Colfax Corporation (CFX) opened at $34.88 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4,345.99, a PE ratio of 21.26, a PEG ratio of 2.22 and a beta of 1.30. Colfax Corporation has a twelve month low of $33.31 and a twelve month high of $43.29.
Colfax Corporation (NYSE:CFX) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. Colfax Corporation had a net margin of 4.89% and a return on equity of 6.26%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS.
Institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Colfax Corporation by 4,167.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 2,542 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of Colfax Corporation during the 2nd quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Colfax Corporation by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 323 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Colfax Corporation by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 251 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Colfax Corporation during the 3rd quarter worth about $160,000. 75.32% of the stock is currently owned by institutional investors.
In other Colfax Corporation news, SVP Stephen Wittig sold 29,189 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the sale, the senior vice president now directly owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is owned by company insiders.
About Colfax Corporation
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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