SPX Flow Inc (FLOW) Expected to Post Earnings of $0.48 Per Share

Equities research analysts forecast that SPX Flow Inc (NYSE:FLOW) will report $0.48 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for SPX Flow’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.45. SPX Flow posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that SPX Flow will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.25. For the next year, analysts forecast that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.18 to $2.44. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover SPX Flow.

Several equities research analysts recently weighed in on FLOW shares. Stifel Nicolaus lifted their price target on SPX Flow from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Seaport Global Securities restated a “buy” rating on shares of SPX Flow in a research report on Wednesday, November 1st. Finally, Wolfe Research lowered SPX Flow from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.00.

In other SPX Flow news, insider David Adam Kowalski sold 24,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total value of $1,006,560.00. Following the sale, the insider now directly owns 118,033 shares of the company’s stock, valued at $4,950,304.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Eamigh sold 6,944 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $45.67, for a total value of $317,132.48. Following the completion of the sale, the vice president now directly owns 43,013 shares in the company, valued at $1,964,403.71. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FLOW. Stifel Financial Corp boosted its holdings in SPX Flow by 69.5% in the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 14,662 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in SPX Flow by 21.5% in the third quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock worth $2,798,000 after acquiring an additional 12,818 shares in the last quarter. Finally, Spitfire Capital LLC boosted its holdings in SPX Flow by 3.5% in the third quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after acquiring an additional 8,884 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of SPX Flow (NYSE FLOW) opened at $47.34 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.19 and a current ratio of 1.67. SPX Flow has a 1 year low of $31.06 and a 1 year high of $48.21. The firm has a market capitalization of $2,007.41, a P/E ratio of 39.46, a P/E/G ratio of 0.70 and a beta of 2.78.

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SPX Flow Company Profile

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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