SPX Corp (NASDAQ:SPXC) issued its quarterly earnings data on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08, Bloomberg Earnings reports. The business had revenue of $348.50 million during the quarter, compared to analyst estimates of $343.12 million. SPX Corp had a negative net margin of 2.37% and a negative return on equity of 15.86%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS.
Shares of SPX Corp (NASDAQ SPXC) traded up $2.81 during midday trading on Friday, reaching $31.47. 121,904 shares of the company were exchanged.
A number of research analysts recently issued reports on the stock. UBS Group AG (USA) raised their price objective on shares of SPX Corp from $36.00 to $39.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of SPX Corp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub upgraded shares of SPX Corp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th.
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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