Zacks: Brokerages Anticipate SPX FLOW, Inc. (FLOW) Will Post Quarterly Sales of $488.26 Million

Equities analysts forecast that SPX FLOW, Inc. (NYSE:FLOW) will report sales of $488.26 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for SPX FLOW’s earnings, with the lowest sales estimate coming in at $480.10 million and the highest estimate coming in at $495.10 million. SPX FLOW posted sales of $528.80 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The firm is expected to issue its next earnings results on Wednesday, August 2nd.

On average, analysts expect that SPX FLOW will report full year sales of $488.26 million for the current year, with estimates ranging from $1.88 billion to $1.92 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.98 billion per share, with estimates ranging from $1.94 billion to $2.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover SPX FLOW.

A number of research analysts recently issued reports on the company. BidaskClub downgraded SPX FLOW from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $35.00 price objective on shares of SPX FLOW in a report on Wednesday, April 12th. Finally, Credit Suisse Group reiterated a “sell” rating and set a $30.00 price objective on shares of SPX FLOW in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. SPX FLOW presently has an average rating of “Hold” and an average price target of $32.00.

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Shares of SPX FLOW (NYSE FLOW) traded up 3.18% during midday trading on Friday, hitting $37.03. The stock had a trading volume of 149,045 shares. SPX FLOW has a one year low of $22.34 and a one year high of $40.66. The company’s market capitalization is $1.57 billion. The firm’s 50-day moving average is $38.10 and its 200 day moving average is $35.06.

About SPX FLOW

SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.

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