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

Colfax Corp (NYSE:CFX) – Investment analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of Colfax in a research note issued on Tuesday. Oppenheimer analyst J. Giannakouros forecasts that the industrial products company will earn $0.42 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Colfax’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.10 EPS and FY2019 earnings at $2.35 EPS.

CFX has been the subject of several other research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Colfax in a research report on Tuesday, November 7th. Cowen downgraded shares of Colfax from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Longbow Research raised shares of Colfax from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Zacks Investment Research downgraded shares of Colfax from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price target (up previously from $44.00) on shares of Colfax in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $44.40.

Shares of Colfax (NYSE CFX) opened at $34.44 on Thursday. The company has a market cap of $4,217.95, a P/E ratio of 20.76, a PEG ratio of 1.31 and a beta of 1.17. Colfax has a 52-week low of $33.10 and a 52-week high of $43.29. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

Colfax (NYSE:CFX) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $874.00 million during the quarter, compared to the consensus estimate of $894.02 million. Colfax had a net margin of 4.28% and a return on equity of 6.11%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS.

In related news, SVP A. Lynne Puckett sold 7,270 shares of Colfax stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $42.01, for a total value of $305,412.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel A. Pryor sold 53,333 shares of Colfax stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the completion of the sale, the executive vice president now directly owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The disclosure for this sale can be found here. Company insiders own 10.60% of the company’s stock.

A number of large investors have recently modified their holdings of the business. M&T Bank Corp lifted its stake in Colfax by 0.7% during the 2nd quarter. M&T Bank Corp now owns 5,510 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 41 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Colfax by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 251 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in Colfax by 11.7% during the 3rd quarter. Eqis Capital Management Inc. now owns 13,531 shares of the industrial products company’s stock valued at $563,000 after acquiring an additional 1,415 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Colfax by 49.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,264 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 1,731 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Colfax by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 17,630 shares of the industrial products company’s stock valued at $734,000 after acquiring an additional 1,834 shares in the last quarter. Institutional investors and hedge funds own 74.66% 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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