$0.46 EPS Expected for Colfax Corp (CFX) This Quarter

Wall Street brokerages expect Colfax Corp (NYSE:CFX) to announce earnings per share of $0.46 for the current quarter, according to Zacks. Six analysts have made estimates for Colfax’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.39. Colfax also reported earnings per share of $0.46 during the same quarter last year. The business is expected to issue its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that Colfax will report full-year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.75. For the next year, analysts expect that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.70 to $1.83. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Colfax.

Colfax (NYSE:CFX) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $901.09 million. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share.

CFX has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Colfax in a research note on Wednesday, September 27th. Argus reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Colfax in a research note on Tuesday, August 29th. Cowen lowered shares of Colfax from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Citigroup reaffirmed a “sell” rating and issued a $40.00 price objective (up from $39.00) on shares of Colfax in a research note on Monday, October 9th. Finally, Longbow Research raised shares of Colfax from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.40.

Colfax (NYSE CFX) opened at $36.41 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The company has a market cap of $4,497.42, a PE ratio of 22.01, a PEG ratio of 2.14 and a beta of 1.26. Colfax has a 1-year low of $33.31 and a 1-year high of $43.29.

Hedge funds have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC purchased a new stake in shares of Colfax during the third quarter valued at about $160,000. Capital Fund Management S.A. purchased a new stake in shares of Colfax during the second quarter valued at about $1,154,000. BlackRock Inc. lifted its position in shares of Colfax by 1.7% during the second quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock valued at $164,353,000 after buying an additional 70,676 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Colfax during the second quarter valued at about $327,000. Finally, Principal Financial Group Inc. lifted its position in shares of Colfax by 1.1% during the second quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock valued at $352,600,000 after buying an additional 95,361 shares during the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.

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About Colfax

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

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Earnings History and Estimates for Colfax (NYSE:CFX)

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