Brokerages expect SPX FLOW, Inc. (NYSE:FLOW) to post $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for SPX FLOW’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.51. SPX FLOW posted earnings of $0.46 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The company is expected to announce its next earnings results on Wednesday, February 14th.
On average, analysts expect that SPX FLOW will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.25. For the next year, analysts forecast that the company will report earnings of $2.27 per share, with EPS estimates ranging from $2.12 to $2.45. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for SPX FLOW.
FLOW has been the topic of a number of research reports. BidaskClub downgraded shares of SPX FLOW from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Susquehanna Bancshares Inc raised shares of SPX FLOW from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 8th. Stifel Nicolaus upped their price objective on shares of SPX FLOW from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Finally, Seaport Global Securities reissued a “buy” rating on shares of SPX FLOW in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.00.
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SPX FLOW (NYSE FLOW) traded down $0.02 during trading on Friday, reaching $41.44. 92,900 shares of the company’s stock were exchanged, compared to its average volume of 188,834. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.67 and a quick ratio of 1.19. The firm has a market cap of $1,757.70, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 1.15 and a beta of 2.77. SPX FLOW has a 52-week low of $28.36 and a 52-week high of $43.26.
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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