SPX Flow Inc (NYSE:FLOW) – Research analysts at Seaport Global Securities increased their Q1 2018 earnings per share estimates for SPX Flow in a research report issued on Wednesday. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.35. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for SPX Flow’s Q2 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $2.47 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.78 EPS, Q4 2019 earnings at $0.99 EPS and FY2019 earnings at $2.99 EPS.
A number of other research firms also recently commented on FLOW. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “hold” rating and issued a $50.00 price objective on shares of SPX Flow in a report on Wednesday. Wolfe Research downgraded shares of SPX Flow from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 price objective (up previously from $55.00) on shares of SPX Flow in a report on Tuesday, January 16th. Finally, Robert W. Baird increased their price objective on shares of SPX Flow from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. SPX Flow has a consensus rating of “Hold” and a consensus price target of $50.00.
SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $529.20 million during the quarter, compared to the consensus estimate of $515.37 million. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. SPX Flow’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS.
In other news, insider David Adam Kowalski sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the completion of the sale, the insider now owns 118,033 shares in the company, valued at approximately $4,950,304.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin Eamigh sold 6,944 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $45.67, for a total transaction of $317,132.48. Following the sale, the vice president now owns 43,013 shares of the company’s stock, valued at approximately $1,964,403.71. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp increased its holdings in SPX Flow by 69.5% in the 3rd quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock valued at $1,379,000 after purchasing an additional 14,662 shares during the last quarter. GSA Capital Partners LLP increased its holdings in SPX Flow by 21.5% in the 3rd quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock valued at $2,798,000 after purchasing an additional 12,818 shares during the last quarter. Spitfire Capital LLC increased its holdings in SPX Flow by 3.5% in the 3rd quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock valued at $10,179,000 after purchasing an additional 8,884 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in SPX Flow in the 4th quarter valued at approximately $1,190,000. Finally, Louisiana State Employees Retirement System increased its holdings in SPX Flow by 6.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.
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About SPX Flow
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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