Colfax Corp (NYSE:CFX) – Research analysts at Seaport Global Securities decreased their Q4 2017 EPS estimates for shares of Colfax in a research note issued on Tuesday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will earn $0.42 per share for the quarter, down from their previous estimate of $0.46. Seaport Global Securities also issued estimates for Colfax’s Q1 2018 earnings at $0.36 EPS.

Colfax (NYSE:CFX) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. The firm had revenue of $844.50 million during the quarter, compared to analyst estimates of $901.09 million. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share.

CFX has been the subject of a number of other research reports. KeyCorp restated a “buy” rating and set a $46.00 price objective on shares of Colfax in a research report on Tuesday, September 26th. Citigroup restated a “sell” rating and set a $40.00 price objective (up previously from $39.00) on shares of Colfax in a research report on Monday, October 9th. Royal Bank of Canada restated a “buy” rating and set a $44.00 price objective on shares of Colfax in a research report on Tuesday, November 7th. Oppenheimer restated a “hold” rating on shares of Colfax in a research report on Thursday, November 30th. Finally, Argus restated a “buy” rating and set a $50.00 price objective on shares of Colfax in a research report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Colfax has an average rating of “Hold” and a consensus price target of $45.80.

Colfax (NYSE CFX) opened at $38.54 on Wednesday. The firm has a market capitalization of $4,740.00, a PE ratio of 22.99, a PEG ratio of 2.24 and a beta of 1.26. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Colfax has a 12-month low of $33.31 and a 12-month high of $43.29.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. grew its position in Colfax by 4,167.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 2,542 shares in the last quarter. Toronto Dominion Bank purchased a new position in Colfax in the second quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Colfax by 10.1% in the second 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 lifted its stake in Colfax by 7.3% in the second 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 bought a new stake in Colfax in the third quarter worth about $160,000. Institutional investors own 74.86% of the company’s stock.

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Colfax Company Profile

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.

Earnings History and Estimates for Colfax (NYSE:CFX)

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