SPX Flow (FLOW) Issues FY18 Earnings Guidance

SPX Flow (NYSE:FLOW) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.21-2.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.44. The company issued revenue guidance of $2025-2075 million, compared to the consensus revenue estimate of $2.06 billion.

Several brokerages recently issued reports on FLOW. Barclays began coverage on shares of SPX Flow in a research note on Thursday. They set an equal weight rating and a $50.00 target price on the stock. Stifel Nicolaus dropped their price objective on shares of SPX Flow from $62.00 to $60.00 and set a buy rating on the stock in a research note on Wednesday, February 7th. Robert W. Baird raised their price target on shares of SPX Flow from $52.00 to $54.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Royal Bank of Canada reissued a hold rating and set a $50.00 price target on shares of SPX Flow in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of SPX Flow from a hold rating to a buy rating and set a $55.00 price target on the stock in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $50.00.

Shares of SPX Flow (NYSE:FLOW) traded down $1.00 during trading on Thursday, reaching $45.70. 172,329 shares of the company’s stock traded hands, compared to its average volume of 306,289. SPX Flow has a twelve month low of $31.06 and a twelve month high of $49.50. The company has a market capitalization of $1,940.00 and a price-to-earnings ratio of 42.08. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89.

SPX Flow (NYSE:FLOW) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $529.20 million during the quarter, compared to analyst estimates of $515.37 million. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. SPX Flow’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. analysts anticipate that SPX Flow will post 2.47 EPS for the current year.

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

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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.

Earnings History and Estimates for SPX Flow (NYSE:FLOW)

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