SPX Corp (SPXC) Posts Earnings Results, Beats Estimates By $0.08 EPS

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.

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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.

Earnings History for SPX Corp (NASDAQ:SPXC)

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