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.
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?
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.