FY2018 EPS Estimates for Spirax-Sarco Engineering Raised by Jefferies Group (SPXSF)

Spirax-Sarco Engineering (OTCMKTS:SPXSF) – Investment analysts at Jefferies Group boosted their FY2018 earnings estimates for shares of Spirax-Sarco Engineering in a research report issued to clients and investors on Monday, May 14th. Jefferies Group analyst A. Douglas now forecasts that the company will post earnings of $3.29 per share for the year, up from their previous forecast of $3.22. Jefferies Group also issued estimates for Spirax-Sarco Engineering’s FY2019 earnings at $3.51 EPS and FY2020 earnings at $3.74 EPS.

Separately, Zacks Investment Research raised Spirax-Sarco Engineering from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Tuesday, February 27th.

Shares of SPXSF opened at $78.95 on Wednesday. Spirax-Sarco Engineering has a 52-week low of $67.10 and a 52-week high of $83.40.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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