Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SPX Corp (SPXC) Stock Price
Media stories about SPX Corp (NASDAQ:SPXC) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SPX Corp earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6556048082731 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
SPX Corp (SPXC) traded up 1.57% during trading on Friday, reaching $27.17. The company’s stock had a trading volume of 164,876 shares. SPX Corp has a 52-week low of $15.49 and a 52-week high of $29.25. The firm’s market capitalization is $1.16 billion. The stock’s 50-day moving average is $25.53 and its 200 day moving average is $25.30.
SPX Corp (NASDAQ:SPXC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. SPX Corp had a negative return on equity of 15.86% and a negative net margin of 2.37%. The business had revenue of $349.70 million for the quarter, compared to the consensus estimate of $354.84 million. During the same period last year, the business earned $0.33 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that SPX Corp will post $1.75 EPS for the current fiscal year.
SPXC has been the subject of a number of analyst reports. Zacks Investment Research cut SPX Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub upgraded SPX Corp from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th.
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About SPX Corp
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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