Wall Street analysts predict that SPX Flow Inc (NYSE:FLOW) will post sales of $366.41 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for SPX Flow’s earnings, with the lowest sales estimate coming in at $364.23 million and the highest estimate coming in at $369.80 million. SPX Flow posted sales of $530.30 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.9%. The firm is scheduled to issue its next earnings results on Tuesday, October 29th.
On average, analysts expect that SPX Flow will report full year sales of $1.50 billion for the current year, with estimates ranging from $1.49 billion to $1.50 billion. For the next year, analysts forecast that the company will report sales of $1.50 billion, with estimates ranging from $1.47 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SPX Flow.
SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.09). The company had revenue of $385.40 million during the quarter, compared to analyst estimates of $500.94 million. SPX Flow had a net margin of 4.51% and a return on equity of 9.47%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of FLOW. Newport Trust Co acquired a new position in shares of SPX Flow in the second quarter valued at approximately $31,839,000. Nuveen Asset Management LLC acquired a new position in shares of SPX Flow in the second quarter valued at approximately $28,111,000. Robecosam AG increased its stake in shares of SPX Flow by 133.4% in the second quarter. Robecosam AG now owns 630,600 shares of the industrial products company’s stock valued at $25,432,000 after buying an additional 360,400 shares during the period. Atria Investments LLC acquired a new position in shares of SPX Flow in the second quarter valued at approximately $3,302,000. Finally, Dalton Greiner Hartman Maher & Co. acquired a new position in shares of SPX Flow in the second quarter valued at approximately $9,802,000. 89.89% of the stock is owned by hedge funds and other institutional investors.
NYSE FLOW traded up $3.14 during trading on Friday, hitting $37.89. 8,713 shares of the company’s stock were exchanged, compared to its average volume of 312,576. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.54 billion, a PE ratio of 16.30, a P/E/G ratio of 2.07 and a beta of 2.11. SPX Flow has a fifty-two week low of $27.23 and a fifty-two week high of $45.09. The stock’s 50 day moving average price is $36.55 and its two-hundred day moving average price is $36.95.
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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