SPX Corp (SPXC) Given News Sentiment Rating of 0.11

News stories about SPX Corp (NASDAQ:SPXC) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SPX Corp earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.1081810832277 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Separately, Zacks Investment Research raised SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, August 8th.

Shares of SPX Corp (SPXC) traded down 1.63% on Friday, reaching $24.14. The company had a trading volume of 256,268 shares. SPX Corp has a 12 month low of $15.49 and a 12 month high of $29.25. The stock’s market cap is $1.03 billion. The stock has a 50-day moving average price of $26.72 and a 200-day moving average price of $25.38.

SPX Corp (NASDAQ:SPXC) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. SPX Corp had a negative net margin of 2.37% and a negative return on equity of 15.86%. The firm had revenue of $349.70 million for the quarter, compared to the consensus estimate of $354.84 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts predict that SPX Corp will post $1.75 earnings per share for the current fiscal year.

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SPX Corp Company Profile

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

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