Analysts Anticipate Spx Flow (FLOW) Will Announce Earnings of $0.46 Per Share

Wall Street brokerages expect Spx Flow (NYSE:FLOW) to report $0.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Spx Flow’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. Spx Flow posted earnings of $0.33 per share during the same quarter last year, which suggests a positive year over year growth rate of 39.4%. The firm is expected to report its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that Spx Flow will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.46. For the next fiscal year, analysts expect that the company will post earnings of $3.06 per share, with EPS estimates ranging from $3.00 to $3.16. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Spx Flow.

Spx Flow (NYSE:FLOW) last released its earnings results on Wednesday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company had revenue of $490.30 million during the quarter, compared to analysts’ expectations of $479.60 million. Spx Flow had a return on equity of 7.71% and a net margin of 3.45%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS.

FLOW has been the subject of several research reports. Vertical Research cut Spx Flow from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. Zacks Investment Research cut Spx Flow from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. ValuEngine cut Spx Flow from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Barclays initiated coverage on Spx Flow in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $50.00 target price on shares of Spx Flow in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.67.

In related news, VP Jaime Manson Easley sold 4,665 shares of Spx Flow stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total transaction of $227,558.70. Following the completion of the sale, the vice president now directly owns 10,184 shares of the company’s stock, valued at $496,775.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its stake in Spx Flow by 6.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock valued at $865,000 after acquiring an additional 1,100 shares during the period. Convergence Investment Partners LLC acquired a new position in Spx Flow in the fourth quarter valued at about $1,190,000. Schwab Charles Investment Management Inc. grew its stake in Spx Flow by 3.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 388,651 shares of the industrial products company’s stock valued at $18,481,000 after acquiring an additional 11,173 shares during the period. Rice Hall James & Associates LLC grew its stake in Spx Flow by 16.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 525,644 shares of the industrial products company’s stock valued at $24,994,000 after acquiring an additional 74,611 shares during the period. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in Spx Flow in the fourth quarter valued at about $21,587,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Spx Flow opened at $46.13 on Friday, according to MarketBeat Ratings. The firm has a market capitalization of $1.92 billion, a PE ratio of 36.32, a PEG ratio of 0.46 and a beta of 1.96. Spx Flow has a 52 week low of $31.10 and a 52 week high of $54.92. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.81.

About Spx Flow

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

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