Q2 Earnings Forecast for SPX Technologies Issued By B. Riley

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Investment analysts at B. Riley issued their Q2 2025 EPS estimates for shares of SPX Technologies in a note issued to investors on Wednesday, May 14th. B. Riley analyst J. Van. Sinderen anticipates that the company will earn $1.43 per share for the quarter. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for SPX Technologies' current full-year earnings is $5.57 per share. B. Riley also issued estimates for SPX Technologies' Q3 2025 earnings at $1.52 EPS, Q4 2025 earnings at $1.72 EPS, FY2025 earnings at $6.18 EPS, FY2026 earnings at $6.88 EPS, FY2027 earnings at $7.81 EPS and FY2028 earnings at $9.04 EPS.

A number of other research analysts have also issued reports on the stock. Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a research report on Wednesday, February 26th. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SPX Technologies presently has an average rating of "Buy" and a consensus price target of $178.80.

SPX Technologies Stock Performance

Shares of SPXC stock traded down $0.64 on Monday, hitting $155.61. The company's stock had a trading volume of 184,146 shares, compared to its average volume of 278,480. SPX Technologies has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. The company has a market capitalization of $7.27 billion, a PE ratio of 41.83, a PEG ratio of 1.33 and a beta of 1.21. The stock's 50 day moving average is $136.34 and its 200-day moving average is $147.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.22. The company had revenue of $482.60 million for the quarter, compared to analyst estimates of $481.32 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share.

Hedge Funds Weigh In On SPX Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its stake in SPX Technologies by 299.0% in the third quarter. Barclays PLC now owns 84,567 shares of the company's stock valued at $13,485,000 after acquiring an additional 63,373 shares during the last quarter. KBC Group NV boosted its holdings in shares of SPX Technologies by 2,109.8% in the 4th quarter. KBC Group NV now owns 28,617 shares of the company's stock valued at $4,164,000 after purchasing an additional 27,322 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of SPX Technologies in the 4th quarter valued at $331,000. Comerica Bank raised its holdings in shares of SPX Technologies by 25.4% during the 4th quarter. Comerica Bank now owns 86,267 shares of the company's stock worth $12,554,000 after buying an additional 17,472 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of SPX Technologies by 0.9% during the 4th quarter. Arizona State Retirement System now owns 13,436 shares of the company's stock worth $1,955,000 after buying an additional 123 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

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.