Zacks: Brokerages Expect SPX Flow Inc (NYSE:FLOW) Will Announce Quarterly Sales of $367.33 Million
Equities analysts expect SPX Flow Inc (NYSE:FLOW) to post $367.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for SPX Flow’s earnings, with the highest sales estimate coming in at $369.80 million and the lowest estimate coming in at $365.20 million. SPX Flow posted sales of $530.30 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.7%. The business is scheduled to report its next earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that SPX Flow will report full year sales of $1.50 billion for the current financial year. For the next financial year, analysts expect that the company will post sales of $1.52 billion, with estimates ranging from $1.51 billion to $1.53 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for SPX Flow.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.09). SPX Flow had a return on equity of 9.47% and a net margin of 4.51%. The business had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $500.94 million. During the same period in the previous year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new stake in SPX Flow in the second quarter valued at approximately $29,000. Quantamental Technologies LLC bought a new stake in SPX Flow in the second quarter valued at approximately $118,000. Nisa Investment Advisors LLC lifted its position in SPX Flow by 50.9% in the second quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 1,400 shares during the last quarter. Squar Milner Financial Services LLC lifted its position in SPX Flow by 7.3% in the second quarter. Squar Milner Financial Services LLC now owns 5,060 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 343 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in SPX Flow in the second quarter valued at approximately $228,000. Institutional investors own 89.66% of the company’s stock.
Shares of NYSE FLOW traded down $1.60 during midday trading on Wednesday, hitting $39.77. 394,800 shares of the company’s stock were exchanged, compared to its average volume of 259,617. The business’s fifty day moving average price is $36.15 and its two-hundred day moving average price is $36.49. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.59 and a beta of 2.09. SPX Flow has a 12-month low of $27.23 and a 12-month high of $54.13. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 0.68.
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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