SPX Flow (NYSE:FLOW) released its earnings results on Tuesday. The industrial products company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05, MarketWatch Earnings reports. The firm had revenue of $538.30 million for the quarter, compared to analysts’ expectations of $543.38 million. SPX Flow had a net margin of 4.89% and a return on equity of 9.59%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. SPX Flow updated its FY 2019 guidance to $2.40-2.75 EPS and its FY19 guidance to $2.40-$2.75 EPS.
NYSE:FLOW opened at $32.78 on Tuesday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.29 and a beta of 2.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.62 and a quick ratio of 1.12. SPX Flow has a fifty-two week low of $27.23 and a fifty-two week high of $54.92.
FLOW has been the topic of a number of recent research reports. Zacks Investment Research cut shares of SPX Flow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine cut shares of SPX Flow from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. TheStreet cut shares of SPX Flow from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Seaport Global Securities set a $45.00 price target on shares of SPX Flow and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Buckingham Research lowered their target price on shares of SPX Flow from $60.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. SPX Flow presently has a consensus rating of “Hold” and an average target price of $47.63.
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SPX Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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