Colfax Corp (CFX) Forecasted to Post Q1 2018 Earnings of $0.46 Per Share

Colfax Corp (NYSE:CFX) – Analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Colfax in a research note issued on Tuesday. KeyCorp analyst J. Hammond forecasts that the industrial products company will earn $0.46 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $44.00 target price on the stock. KeyCorp also issued estimates for Colfax’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.54 EPS and FY2019 earnings at $2.40 EPS.

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

Several other equities research analysts have also recently issued reports on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Colfax in a research report on Wednesday. Robert W. Baird cut their price target on shares of Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday. Gabelli upgraded shares of Colfax from a “hold” rating to a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus cut their price target on shares of Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.40.

Shares of Colfax (NYSE CFX) opened at $32.27 on Thursday. The stock has a market cap of $4,060.95, a price-to-earnings ratio of 19.97, a PEG ratio of 1.12 and a beta of 1.17. Colfax has a 1 year low of $31.50 and a 1 year high of $43.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80.

In other Colfax news, 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 value of $2,034,653.95. Following the transaction, the executive vice president now directly owns 93,557 shares in the company, valued at $3,569,199.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $305,412.70. The disclosure for this sale can be found here. 10.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. M&T Bank Corp increased its stake in Colfax by 0.7% in the second quarter. M&T Bank Corp now owns 5,510 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 41 shares during the period. The Manufacturers Life Insurance Company increased its stake in Colfax by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 251 shares during the period. Eqis Capital Management Inc. increased its stake in Colfax by 11.7% in the third quarter. Eqis Capital Management Inc. now owns 13,531 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 1,415 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Colfax by 49.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,264 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 1,731 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Colfax by 11.6% in the third quarter. Pacer Advisors Inc. now owns 17,630 shares of the industrial products company’s stock valued at $734,000 after purchasing an additional 1,834 shares during the period. Institutional investors 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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