SPX Technologies (NYSE:SPXC) Releases FY 2025 Earnings Guidance

SPX Technologies (NYSE:SPXC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.000-6.250 for the period, compared to the consensus EPS estimate of 6.110. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

SPX Technologies Stock Up 10.4 %

SPX Technologies stock traded up $14.18 during trading hours on Wednesday, reaching $150.52. The stock had a trading volume of 363,924 shares, compared to its average volume of 300,645. The business’s 50 day moving average price is $146.96 and its 200-day moving average price is $155.53. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 1.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies has a 52 week low of $110.61 and a 52 week high of $183.83.

Analyst Ratings Changes

Several research firms have recently commented on SPXC. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a report on Wednesday. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday. Wolfe Research started coverage on shares of SPX Technologies in a research note on Monday, November 25th. They set an “outperform” rating and a $199.00 price target on the stock. Finally, UBS Group dropped their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.75.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.