Colfax Corporation (NYSE:CFX) – Analysts at Seaport Global Securities reduced their Q3 2017 earnings per share estimates for Colfax Corporation in a research report issued to clients and investors on Friday. Seaport Global Securities analyst R. Cassil now forecasts that the industrial products company will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.45. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Colfax Corporation’s Q4 2017 earnings at $0.52 EPS, FY2017 earnings at $1.72 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $2.07 EPS.

CFX has been the subject of a number of other research reports. Credit Suisse Group initiated coverage on Colfax Corporation in a report on Thursday, May 18th. They issued an “outperform” rating and a $47.00 price objective for the company. BidaskClub upgraded Colfax Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price objective on shares of Colfax Corporation in a report on Monday, April 17th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Colfax Corporation in a report on Sunday, May 7th. Finally, Zacks Investment Research upgraded Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.00.

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Colfax Corporation (NYSE:CFX) opened at 41.47 on Monday. The stock has a market cap of $5.10 billion, a PE ratio of 32.63 and a beta of 1.37. Colfax Corporation has a 52 week low of $27.75 and a 52 week high of $42.75. The company has a 50-day moving average price of $39.94 and a 200-day moving average price of $39.56.

Colfax Corporation (NYSE:CFX) last issued its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. The firm had revenue of $965.83 million for the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. Colfax Corporation’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS.

Several large investors have recently made changes to their positions in the company. M&T Bank Corp acquired a new stake in shares of Colfax Corporation during the first quarter valued at about $214,000. Fox Run Management L.L.C. purchased a new position in Colfax Corporation during the first quarter worth about $251,000. Alambic Investment Management L.P. purchased a new position in Colfax Corporation during the first quarter worth about $254,000. Russell Investments Group Ltd. purchased a new position in Colfax Corporation during the fourth quarter worth about $256,000. Finally, Laurion Capital Management LP purchased a new position in Colfax Corporation during the first quarter worth about $263,000. Institutional investors own 77.32% of the company’s stock.

In other Colfax Corporation news, SVP A. Lynne Puckett sold 10,882 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $40.14, for a total value of $436,803.48. Following the completion of the sale, the senior vice president now directly owns 40,907 shares in the company, valued at $1,642,006.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel A. Pryor sold 3,574 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total value of $146,998.62. Following the completion of the sale, the executive vice president now owns 40,224 shares of the company’s stock, valued at $1,654,413.12. The disclosure for this sale can be found here. Insiders sold 15,560 shares of company stock valued at $628,319 over the last 90 days. Corporate insiders own 10.60% of the company’s stock.

Colfax Corporation Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Earnings History and Estimates for Colfax Corporation (NYSE:CFX)

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