SPX Flow (FLOW) Issues Earnings Results

Share on StockTwits

SPX Flow (NYSE:FLOW) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14, MarketWatch Earnings reports. SPX Flow had a net margin of 4.89% and a return on equity of 9.59%. The firm had revenue of $530.30 million for the quarter, compared to analyst estimates of $521.01 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 8.0% on a year-over-year basis. SPX Flow updated its FY18 guidance to $2.21-2.34 EPS.

Shares of NYSE FLOW traded up $1.17 during mid-day trading on Thursday, hitting $35.40. The company’s stock had a trading volume of 79,064 shares, compared to its average volume of 236,707. The firm has a market capitalization of $1.53 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89. The company has a current ratio of 1.62, a quick ratio of 1.04 and a debt-to-equity ratio of 0.79. SPX Flow has a one year low of $34.22 and a one year high of $54.92.

A number of equities research analysts have commented on FLOW shares. Zacks Investment Research raised shares of SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, September 11th. Buckingham Research started coverage on shares of SPX Flow in a research note on Tuesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Bank of America raised their target price on shares of SPX Flow from $32.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, August 2nd. ValuEngine lowered shares of SPX Flow from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of SPX Flow in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.00.

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.

Further Reading: Why is the ex-dividend date different from the record date?

Earnings History for SPX Flow (NYSE:FLOW)

Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply