Northcoast Research Comments on Colfax Corp’s Q1 2018 Earnings (CFX)

Colfax Corp (NYSE:CFX) – Northcoast Research issued their Q1 2018 earnings per share estimates for shares of Colfax in a research note issued to investors on Thursday. Northcoast Research analyst T. Hayes expects that the industrial products company will earn $0.39 per share for the quarter. Northcoast Research also issued estimates for Colfax’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.07 EPS.

Colfax (NYSE:CFX) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Colfax had a net margin of 5.88% and a return on equity of 5.43%. The company had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. During the same quarter last year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Colfax in a report on Monday, December 11th. Oppenheimer restated a “hold” rating on shares of Colfax in a research note on Thursday, November 30th. Longbow Research upgraded Colfax from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Zacks Investment Research cut Colfax from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. Finally, Royal Bank of Canada restated a “buy” rating and set a $44.00 price objective on shares of Colfax in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.80.

Colfax (NYSE:CFX) opened at $38.85 on Monday. Colfax has a twelve month low of $33.31 and a twelve month high of $43.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47. The stock has a market capitalization of $4,780.00, a price-to-earnings ratio of 31.33, a P/E/G ratio of 2.28 and a beta of 1.26.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its holdings in Colfax by 4,167.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 2,542 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Colfax in the 2nd quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Colfax by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 323 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Colfax by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 251 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in Colfax in the 3rd quarter worth about $160,000. Institutional investors own 74.86% of the company’s stock.

In other news, EVP Daniel A. Pryor sold 53,333 shares of Colfax stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the sale, the executive vice president now directly owns 93,557 shares in the company, valued at approximately $3,569,199.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.60% of the company’s stock.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.

Earnings History and Estimates for Colfax (NYSE:CFX)

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