Colfax Corp (NYSE:CFX) – Gabelli issued their FY2017 EPS estimates for Colfax in a research report issued on Tuesday. Gabelli analyst M. Trusz anticipates that the industrial products company will earn $1.75 per share for the year. Gabelli also issued estimates for Colfax’s FY2018 earnings at $2.10 EPS.

Colfax (NYSE:CFX) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The company had revenue of $844.50 million for the quarter, compared to analyst estimates of $901.09 million. During the same period in the prior year, the business earned $0.39 earnings per share. Colfax’s quarterly revenue was up 10.2% on a year-over-year basis.

CFX has been the topic of several other reports. Zacks Investment Research lowered shares of Colfax from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a report on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $46.00 price objective on shares of Colfax in a report on Tuesday, September 26th. Finally, Cowen restated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.80.

Colfax (CFX) opened at $39.17 on Thursday. Colfax has a 12-month low of $33.31 and a 12-month high of $43.29. The stock has a market cap of $4,744.88, a P/E ratio of 23.22, a PEG ratio of 2.26 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80.

Hedge funds have recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in shares of Colfax during the third quarter worth $160,000. Capital Fund Management S.A. bought a new position in Colfax in the second quarter valued at $1,154,000. BlackRock Inc. grew its position in Colfax by 1.7% in the second quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock valued at $164,353,000 after purchasing an additional 70,676 shares in the last quarter. Prudential Financial Inc. grew its position in Colfax by 19.6% in the third quarter. Prudential Financial Inc. now owns 34,755 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Colfax in the second quarter valued at $327,000. 74.86% of the stock is owned by institutional investors.

In other Colfax news, EVP Daniel A. Pryor sold 53,333 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total value of $2,034,653.95. Following the sale, the executive vice president now directly owns 93,557 shares in the company, valued at $3,569,199.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.60% of the company’s stock.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Earnings History and Estimates for Colfax (NYSE:CFX)

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