SPX Flow Inc (NYSE:FLOW) – Research analysts at Seaport Global Securities upped their Q3 2019 EPS estimates for shares of SPX Flow in a note issued to investors on Tuesday, October 30th. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.95 per share for the quarter, up from their prior forecast of $0.84. Seaport Global Securities has a “Buy” rating and a $45.00 price objective on the stock.
Several other brokerages have also recently issued reports on FLOW. Buckingham Research assumed coverage on SPX Flow in a research note on Tuesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. ValuEngine raised SPX Flow from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Zacks Investment Research raised SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, September 11th. TheStreet raised SPX Flow from a “c+” rating to a “b” rating in a report on Friday, August 31st. Finally, Bank of America upped their target price on SPX Flow from $32.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. SPX Flow presently has a consensus rating of “Hold” and an average target price of $50.89.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.14. SPX Flow had a return on equity of 9.59% and a net margin of 4.89%. The firm had revenue of $530.30 million for the quarter, compared to analysts’ expectations of $521.01 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. SPX Flow’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Several large investors have recently bought and sold shares of FLOW. Squar Milner Financial Services LLC bought a new position in SPX Flow in the 2nd quarter worth approximately $134,000. Russell Investments Group Ltd. grew its holdings in SPX Flow by 205.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,300 shares of the industrial products company’s stock worth $188,000 after buying an additional 2,891 shares in the last quarter. Sei Investments Co. grew its holdings in SPX Flow by 1,203.0% in the 1st quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock worth $253,000 after buying an additional 4,752 shares in the last quarter. Aristotle Atlantic Partners LLC grew its holdings in SPX Flow by 42.9% in the 2nd quarter. Aristotle Atlantic Partners LLC now owns 6,042 shares of the industrial products company’s stock worth $264,000 after buying an additional 1,813 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in SPX Flow by 24.0% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,709 shares of the industrial products company’s stock worth $330,000 after buying an additional 1,300 shares in the last quarter. 87.44% of the stock is owned by institutional investors.
SPX Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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