Brokerages Expect SPX Flow Inc (FLOW) to Announce $0.63 EPS

Wall Street analysts expect that SPX Flow Inc (NYSE:FLOW) will report earnings of $0.63 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for SPX Flow’s earnings, with estimates ranging from $0.59 to $0.68. SPX Flow posted earnings of $0.42 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The business is expected to report its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that SPX Flow will report full year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.46. For the next financial year, analysts forecast that the business will report earnings of $3.06 per share, with EPS estimates ranging from $3.01 to $3.09. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow SPX Flow.

SPX Flow (NYSE:FLOW) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $516.58 million. SPX Flow had a net margin of 4.01% and a return on equity of 8.55%. SPX Flow’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS.

Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of SPX Flow from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. ValuEngine lowered shares of SPX Flow from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Wolfe Research assumed coverage on shares of SPX Flow in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 target price on shares of SPX Flow in a report on Thursday, August 2nd. Finally, Bank of America upped their price objective on shares of SPX Flow from $32.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.57.

Hedge funds have recently modified their holdings of the company. Squar Milner Financial Services LLC acquired a new position in shares of SPX Flow in the 2nd quarter worth approximately $134,000. Russell Investments Group Ltd. lifted its holdings in shares of SPX Flow by 205.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,300 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 2,891 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SPX Flow in the 1st quarter worth approximately $206,000. Sei Investments Co. lifted its holdings in shares of SPX Flow by 1,203.0% in the 1st quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 4,752 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC lifted its holdings in shares of SPX Flow by 42.9% in the 2nd quarter. Aristotle Atlantic Partners LLC now owns 6,042 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 1,813 shares during the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.

NYSE:FLOW opened at $46.34 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 0.47 and a beta of 1.95. SPX Flow has a 1-year low of $31.10 and a 1-year high of $54.92.

SPX Flow Company Profile

SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.

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