Wall Street analysts expect that Colfax Corp (NYSE:CFX) will announce $0.61 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Colfax’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.58. Colfax also reported earnings per share of $0.61 during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Colfax will report full-year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.67. For the next fiscal year, analysts forecast that the firm will report earnings of $2.79 per share, with EPS estimates ranging from $2.32 to $3.01. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Colfax.

Colfax (NYSE:CFX) last released its earnings results on Wednesday, May 8th. The industrial products company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Colfax had a net margin of 1.68% and a return on equity of 8.16%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share.

CFX has been the topic of a number of recent research reports. ValuEngine upgraded shares of Colfax from a “strong sell” rating to a “sell” rating in a research note on Monday. Raymond James restated a “buy” rating and set a $21.00 price target on shares of Colfax in a research note on Thursday, May 2nd. Longbow Research restated a “buy” rating and set a $38.00 price target on shares of Colfax in a research note on Thursday, March 21st. Gabelli restated a “buy” rating on shares of Colfax in a research note on Thursday, February 14th. Finally, Goldman Sachs Group initiated coverage on shares of Colfax in a research note on Friday, April 5th. They set a “buy” rating and a $34.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $30.05.

CFX opened at $25.92 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.06 and a current ratio of 1.53. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.78 and a beta of 1.61. Colfax has a twelve month low of $18.95 and a twelve month high of $37.05.

In related news, CEO Ian Brander sold 4,260 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $27.01, for a total transaction of $115,062.60. Following the transaction, the chief executive officer now owns 21,876 shares of the company’s stock, valued at approximately $590,870.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shyam Kambeyanda sold 11,764 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $26.27, for a total transaction of $309,040.28. Following the transaction, the insider now directly owns 51,263 shares in the company, valued at approximately $1,346,679.01. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CFX. Macquarie Group Ltd. purchased a new stake in Colfax during the 4th quarter valued at $27,000. Pinnacle Bank purchased a new stake in Colfax during the 4th quarter valued at $36,000. Quadrant Capital Group LLC boosted its position in Colfax by 264.3% during the 1st quarter. Quadrant Capital Group LLC now owns 2,211 shares of the industrial products company’s stock valued at $63,000 after buying an additional 1,604 shares during the period. SEI Investments Co purchased a new stake in Colfax during the 1st quarter valued at $79,000. Finally, SG Americas Securities LLC purchased a new stake in Colfax during the 4th quarter valued at $112,000. 93.31% of the stock is currently owned by institutional investors.

Colfax Company Profile

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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Earnings History and Estimates for Colfax (NYSE:CFX)

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