$0.93 EPS Expected for SPX FLOW, Inc. (NYSE:FLOW) This Quarter

Analysts forecast that SPX FLOW, Inc. (NYSE:FLOW) will post $0.93 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for SPX FLOW’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.91. SPX FLOW reported earnings of $0.56 per share during the same quarter last year, which indicates a positive year over year growth rate of 66.1%. The business is expected to announce its next earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that SPX FLOW will report full year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $2.97. For the next financial year, analysts expect that the company will report earnings of $3.82 per share, with EPS estimates ranging from $3.45 to $4.03. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow SPX FLOW.

SPX FLOW (NYSE:FLOW) last issued its earnings results on Wednesday, November 10th. The industrial products company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. SPX FLOW had a return on equity of 10.45% and a net margin of 5.04%. During the same period last year, the company posted $0.48 EPS.

FLOW has been the topic of several research analyst reports. Zacks Investment Research raised shares of SPX FLOW from a “sell” rating to a “hold” rating and set a $92.00 price target on the stock in a research report on Friday, November 12th. Royal Bank of Canada lifted their price target on SPX FLOW from $77.00 to $79.00 and gave the company a “sector perform” rating in a report on Thursday, November 11th. Finally, Bank of America initiated coverage on shares of SPX FLOW in a research note on Monday, September 27th. They set an “underperform” rating and a $75.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.80.

NYSE FLOW traded down $0.61 during trading hours on Thursday, hitting $86.54. The company had a trading volume of 259,732 shares, compared to its average volume of 220,285. The firm’s 50 day moving average is $76.99 and its 200 day moving average is $73.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.65 and a quick ratio of 1.18. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 47.29, a P/E/G ratio of 0.79 and a beta of 1.73. SPX FLOW has a fifty-two week low of $52.12 and a fifty-two week high of $88.55.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 13th. Investors of record on Thursday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Wednesday, September 29th. SPX FLOW’s payout ratio is presently 19.67%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its holdings in SPX FLOW by 4.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,646 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 156 shares during the period. Lazard Asset Management LLC increased its holdings in shares of SPX FLOW by 32.8% during the 2nd quarter. Lazard Asset Management LLC now owns 672 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 166 shares during the period. New York State Teachers Retirement System increased its holdings in shares of SPX FLOW by 0.3% during the 3rd quarter. New York State Teachers Retirement System now owns 67,930 shares of the industrial products company’s stock worth $4,966,000 after purchasing an additional 200 shares during the period. IndexIQ Advisors LLC increased its holdings in shares of SPX FLOW by 3.6% during the 2nd quarter. IndexIQ Advisors LLC now owns 6,388 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 220 shares during the period. Finally, Profund Advisors LLC increased its holdings in shares of SPX FLOW by 4.7% during the 2nd quarter. Profund Advisors LLC now owns 5,316 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

About SPX FLOW

SPX Flow, Inc engages in manufacturing and distributing industrial components. It operates through the following segments: Food & Beverage and Industrial. The Food and Beverage segment includes mixing, drying, evaporation, and separation systems and components, heat exchangers, and reciprocating and centrifugal pump technologies.

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

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