SPX Flow Inc (NYSE:FLOW) – Analysts at Seaport Global Securities cut their Q2 2019 earnings per share estimates for SPX Flow in a research note issued on Monday, May 6th. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings of $0.50 per share for the quarter, down from their prior estimate 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.

FLOW has been the topic of several other research reports. Zacks Investment Research upgraded shares of SPX Flow from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine upgraded shares of SPX Flow from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. SPX Flow has an average rating of “Hold” and an average target price of $43.17.

Shares of NYSE FLOW opened at $39.77 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.05 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1.79 billion, a PE ratio of 17.14, a P/E/G ratio of 1.69 and a beta of 2.20. SPX Flow has a 52-week low of $27.23 and a 52-week high of $54.13.

SPX Flow (NYSE:FLOW) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $491.10 million for the quarter, compared to the consensus estimate of $482.11 million. SPX Flow had a net margin of 2.30% and a return on equity of 10.42%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS.

Several large investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of SPX Flow by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,481 shares of the industrial products company’s stock worth $526,000 after purchasing an additional 298 shares during the period. Spark Investment Management LLC lifted its stake in shares of SPX Flow by 46.2% in the 1st quarter. Spark Investment Management LLC now owns 294,400 shares of the industrial products company’s stock worth $9,391,000 after purchasing an additional 93,000 shares during the period. Mason Street Advisors LLC lifted its stake in shares of SPX Flow by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 13,666 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 451 shares during the period. Raymond James & Associates lifted its stake in shares of SPX Flow by 11.6% in the 1st quarter. Raymond James & Associates now owns 36,116 shares of the industrial products company’s stock worth $1,152,000 after purchasing an additional 3,740 shares during the period. Finally, First Allied Advisory Services Inc. lifted its stake in shares of SPX Flow by 2.9% in the 1st quarter. First Allied Advisory Services Inc. now owns 22,125 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 632 shares during the period. Hedge funds and other institutional investors own 88.53% of the company’s stock.

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.

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Earnings History and Estimates for SPX Flow (NYSE:FLOW)

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