Zacks: Analysts Expect Colfax Corp (CFX) Will Post Earnings of $0.49 Per Share
Wall Street brokerages forecast that Colfax Corp (NYSE:CFX) will post earnings per share of $0.49 for the current quarter, according to Zacks. Six analysts have made estimates for Colfax’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.46. Colfax posted earnings per share of $0.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that Colfax will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.68. For the next financial year, analysts expect that the firm will report earnings of $2.95 per share, with EPS estimates ranging from $2.62 to $3.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Colfax.
Colfax (NYSE:CFX) last issued its quarterly earnings data on Wednesday, February 13th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $982.49 million. Colfax had a return on equity of 7.79% and a net margin of 3.82%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS.
CFX traded down $0.03 during trading on Monday, reaching $30.37. 1,062,745 shares of the company were exchanged, compared to its average volume of 2,344,022. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.22 and a current ratio of 1.63. Colfax has a 12-month low of $18.95 and a 12-month high of $37.05.
In other Colfax news, SVP Lynn H. Clark sold 2,666 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $26.50, for a total value of $70,649.00. Following the transaction, the senior vice president now directly owns 35,662 shares in the company, valued at approximately $945,043. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ian Brander sold 4,260 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $27.01, for a total value of $115,062.60. Following the completion of the transaction, the chief executive officer now owns 21,876 shares in the company, valued at $590,870.76. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Front Street Capital Management Inc. increased its position in shares of Colfax by 0.7% during the 4th quarter. Front Street Capital Management Inc. now owns 118,456 shares of the industrial products company’s stock valued at $2,476,000 after purchasing an additional 845 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Colfax during the 4th quarter valued at about $27,000. Stifel Financial Corp increased its position in shares of Colfax by 13.7% during the 4th quarter. Stifel Financial Corp now owns 11,905 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 1,430 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Colfax by 10.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 16,486 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Pinnacle Bank bought a new position in shares of Colfax during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.
Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.
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