Wall Street brokerages forecast that SPX FLOW, Inc. (NYSE:FLOW) will report earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for SPX FLOW’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.48. SPX FLOW reported earnings of $0.34 per share during the same quarter last year, which would suggest a positive year over year growth rate of 35.3%. The firm is scheduled to issue its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that SPX FLOW will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.42. For the next financial year, analysts expect that the business will report earnings of $2.26 per share, with EPS estimates ranging from $2.10 to $2.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for SPX FLOW.
A number of research analysts recently weighed in on the stock. Susquehanna Bancshares Inc raised shares of SPX FLOW from a “neutral” rating to a “positive” rating in a research report on Tuesday. BidaskClub downgraded shares of SPX FLOW from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Credit Suisse Group reaffirmed a “sell” rating and issued a $30.00 target price on shares of SPX FLOW in a research report on Wednesday, April 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 target price on shares of SPX FLOW in a research report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. SPX FLOW presently has an average rating of “Hold” and an average price target of $32.00.
Shares of SPX FLOW (NYSE FLOW) opened at 34.68 on Wednesday. SPX FLOW has a one year low of $22.34 and a one year high of $40.66. The company has a market capitalization of $1.45 billion, a PE ratio of 289.00 and a beta of 2.68. The company has a 50-day moving average of $36.54 and a 200-day moving average of $35.83.
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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