SPX Flow (NYSE:FLOW) Downgraded by Seaport Global Securities

Seaport Global Securities cut shares of SPX Flow (NYSE:FLOW) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. Seaport Global Securities also issued estimates for SPX Flow’s Q3 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $1.82 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.58 EPS, Q4 2020 earnings at $0.60 EPS and FY2020 earnings at $1.97 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research raised SPX Flow from a sell rating to a hold rating in a report on Monday, August 5th. ValuEngine raised SPX Flow from a sell rating to a hold rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $39.80.

SPX Flow stock opened at $33.43 on Tuesday. SPX Flow has a fifty-two week low of $27.23 and a fifty-two week high of $54.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.77 and a current ratio of 2.12. The company has a market capitalization of $1.49 billion, a P/E ratio of 14.41, a PEG ratio of 2.08 and a beta of 2.03. The stock has a 50-day simple moving average of $38.81 and a 200-day simple moving average of $36.27.



SPX Flow (NYSE:FLOW) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.09). SPX Flow had a net margin of 4.51% and a return on equity of 9.47%. The firm had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $500.94 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, analysts forecast that SPX Flow will post 1.83 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Investors Research Corp acquired a new position in SPX Flow in the 2nd quarter valued at about $29,000. Quantamental Technologies LLC acquired a new position in SPX Flow during the 2nd quarter worth approximately $118,000. Squar Milner Financial Services LLC increased its position in SPX Flow by 71.4% during the 1st quarter. Squar Milner Financial Services LLC now owns 4,717 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 1,965 shares during the period. Nisa Investment Advisors LLC increased its position in SPX Flow by 50.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 1,400 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in SPX Flow during the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

About SPX Flow

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

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