SPX Technologies (NYSE:SPXC – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect SPX Technologies to post earnings of $1.07 per share for the quarter. SPX Technologies has set its FY24 guidance at $4.85-5.15 EPS and its FY 2024 guidance at 4.850-5.150 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
SPX Technologies (NYSE:SPXC – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.25 EPS for the quarter, meeting the consensus estimate of $1.25. The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $481.98 million. SPX Technologies had a net margin of 5.16% and a return on equity of 17.30%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. On average, analysts expect SPX Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
SPX Technologies Price Performance
Shares of NYSE SPXC opened at $119.88 on Thursday. The firm has a market cap of $5.54 billion, a PE ratio of 62.44, a PEG ratio of 1.29 and a beta of 1.25. The firm has a fifty day moving average of $117.15 and a 200 day moving average of $101.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.77. SPX Technologies has a one year low of $61.09 and a one year high of $124.81.
Insider Activity at SPX Technologies
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on SPXC shares. UBS Group upped their target price on shares of SPX Technologies from $90.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Oppenheimer reiterated an “outperform” rating and issued a $134.00 price target (up from $124.00) on shares of SPX Technologies in a research note on Thursday, March 28th. Finally, StockNews.com lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 15th.
View Our Latest Report on SPXC
About SPX Technologies
SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.
Recommended Stories
- Five stocks we like better than SPX Technologies
- Options Trading – Understanding Strike Price
- High-Yield Texas Instruments Could Hit New Highs Soon
- Stock Analyst Ratings and Canadian Analyst Ratings
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Stock Splits, Do They Really Impact Investors?
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for SPX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.