SPX Corp (SPXC) Given Coverage Optimism Score of 0.12
Media stories about SPX Corp (NASDAQ:SPXC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SPX Corp earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.7156200528638 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, Zacks Investment Research raised shares of SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, May 10th.
SPX Corp (NASDAQ:SPXC) traded down 1.63% on Friday, reaching $24.14. 256,268 shares of the company traded hands. SPX Corp has a 52-week low of $15.49 and a 52-week high of $29.25. The firm’s market cap is $1.03 billion. The stock has a 50-day moving average price of $26.72 and a 200-day moving average price of $25.38.
SPX Corp (NASDAQ:SPXC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. SPX Corp had a negative net margin of 2.37% and a negative return on equity of 15.86%. The company had revenue of $349.70 million during the quarter, compared to the consensus estimate of $354.84 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts anticipate that SPX Corp will post $1.75 earnings per share for the current fiscal year.
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SPX Corp Company Profile
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
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