SPX Technologies (NYSE:SPXC) Updates FY 2026 Earnings Guidance

SPX Technologies (NYSE:SPXC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.750-8.150 for the period, compared to the consensus earnings per share estimate of 7.870. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

SPX Technologies Trading Up 3.6%

SPXC stock traded up $7.57 during trading on Thursday, hitting $218.93. The company had a trading volume of 878,812 shares, compared to its average volume of 449,183. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $212.89 and a 200-day moving average price of $211.50. SPX Technologies has a 12 month low of $134.27 and a 12 month high of $246.68. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 1.71 and a beta of 1.34.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The firm had revenue of $566.80 million during the quarter, compared to analyst estimates of $558.55 million. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, analysts predict that SPX Technologies will post 7.79 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target on the stock. Oppenheimer increased their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Truist Financial increased their target price on shares of SPX Technologies from $244.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. began coverage on shares of SPX Technologies in a research report on Wednesday, March 4th. They set an “overweight” rating and a $260.00 price target on the stock. Finally, Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.56.

Institutional Investors Weigh In On SPX Technologies

A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of SPX Technologies during the third quarter valued at about $74,000. Danske Bank A S bought a new position in shares of SPX Technologies during the third quarter valued at about $75,000. Johnson Financial Group Inc. bought a new position in shares of SPX Technologies during the third quarter valued at about $76,000. Kemnay Advisory Services Inc. bought a new stake in SPX Technologies in the fourth quarter worth about $81,000. Finally, Empowered Funds LLC bought a new stake in SPX Technologies in the fourth quarter worth about $83,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.