SPX Flow Inc (NYSE:FLOW) – Equities researchers at Seaport Global Securities cut their Q2 2019 earnings estimates for SPX Flow in a report released on Monday, May 6th, according to Zacks Investment Research. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will earn $0.50 per share for the quarter, down from their previous forecast of $0.66. Seaport Global Securities also issued estimates for SPX Flow’s Q3 2019 earnings at $0.80 EPS, FY2019 earnings at $2.54 EPS, Q1 2020 earnings at $0.53 EPS, Q2 2020 earnings at $0.56 EPS, Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $0.96 EPS and FY2020 earnings at $3.01 EPS.
Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of SPX Flow from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of SPX Flow from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. SPX Flow presently has an average rating of “Hold” and a consensus target price of $43.17.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. SPX Flow had a net margin of 2.30% and a return on equity of 10.42%. The firm had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $482.11 million. During the same period in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc bought a new stake in shares of SPX Flow in the 4th quarter valued at about $33,000. Quantamental Technologies LLC bought a new position in shares of SPX Flow during the 4th quarter worth approximately $43,000. Cutler Group LP bought a new position in shares of SPX Flow during the 4th quarter worth approximately $73,000. Nisa Investment Advisors LLC raised its stake in shares of SPX Flow by 44.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,750 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 850 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of SPX Flow by 14.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 429 shares in the last quarter. 87.95% of the stock is owned by institutional investors.
About SPX Flow
SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.
Featured Article: What is a Real Estate Investment Trust (REIT)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.