Colfax Corp (NYSE:CFX) – Analysts at Seaport Global Securities raised their Q3 2019 EPS estimates for shares of Colfax in a research note issued to investors on Thursday, February 14th. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will earn $0.59 per share for the quarter, up from their previous forecast of $0.56. Seaport Global Securities also issued estimates for Colfax’s Q1 2020 earnings at $0.62 EPS, Q4 2020 earnings at $0.67 EPS and FY2020 earnings at $2.56 EPS.

Colfax (NYSE:CFX) last issued its earnings results on Wednesday, February 13th. The industrial products company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Colfax had a return on equity of 7.72% and a net margin of 3.82%. The company had revenue of $985.00 million during the quarter, compared to the consensus estimate of $982.49 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year.

Several other research analysts have also recently commented on CFX. Oppenheimer reiterated a “buy” rating on shares of Colfax in a research note on Thursday. Gabelli reiterated a “buy” rating on shares of Colfax in a research note on Thursday. Argus cut their price target on Colfax from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Robert W. Baird reiterated a “buy” rating and issued a $35.00 price target on shares of Colfax in a research note on Monday, October 29th. Finally, Deutsche Bank set a $30.00 price target on Colfax and gave the stock a “hold” rating in a research note on Friday, October 26th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.93.

NYSE:CFX opened at $26.32 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.83. Colfax has a one year low of $18.95 and a one year high of $37.05. The stock has a market capitalization of $3.07 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.71 and a beta of 1.62.

In other Colfax news, CEO Ian Brander sold 3,232 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $26.18, for a total transaction of $84,613.76. Following the sale, the chief executive officer now owns 26,136 shares in the company, valued at $684,240.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP A. Lynne Puckett sold 2,540 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $26.18, for a total value of $66,497.20. Following the sale, the senior vice president now owns 54,818 shares in the company, valued at approximately $1,435,135.24. The disclosure for this sale can be found here. Insiders have sold 28,325 shares of company stock worth $632,843 in the last 90 days. 10.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in Colfax by 2.1% during the third quarter. Victory Capital Management Inc. now owns 4,126,083 shares of the industrial products company’s stock valued at $148,786,000 after buying an additional 84,025 shares in the last quarter. Commonwealth Bank of Australia acquired a new stake in Colfax during the third quarter valued at approximately $396,000. Golub Group LLC raised its stake in Colfax by 2.1% during the third quarter. Golub Group LLC now owns 588,951 shares of the industrial products company’s stock valued at $21,238,000 after buying an additional 11,897 shares in the last quarter. Hsbc Holdings PLC raised its stake in Colfax by 137.3% during the third quarter. Hsbc Holdings PLC now owns 36,697 shares of the industrial products company’s stock valued at $1,322,000 after buying an additional 21,231 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in Colfax during the third quarter valued at approximately $2,077,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Colfax Company Profile

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

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Earnings History and Estimates for Colfax (NYSE:CFX)

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