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.

A number of analysts recently weighed in on FLOW shares. ValuEngine upgraded SPX Flow from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Buckingham Research dropped their target price on SPX Flow from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Seaport Global Securities downgraded SPX Flow from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. SPX Flow currently has an average rating of “Hold” and a consensus target price of $39.80.

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.

Recommended Story: Holder of Record

Get a free copy of the Zacks research report on SPX Flow (FLOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.