Analysts expect SPX FLOW, Inc. (NYSE:FLOW) to report sales of $397.65 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for SPX FLOW's earnings. The lowest sales estimate is $396.30 million and the highest is $399.00 million. SPX FLOW reported sales of $396.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. 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 sales of $1.54 billion for the current year, with estimates ranging from $1.53 billion to $1.54 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.61 billion, with estimates ranging from $1.60 billion to $1.62 billion. Zacks' sales averages are a mean average based on a survey of sell-side research analysts that follow SPX FLOW.
SPX FLOW (NYSE:FLOW) last announced its quarterly earnings data on Wednesday, November 10th. The industrial products company reported $0.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.70 by $0.09. SPX FLOW had a net margin of 5.04% and a return on equity of 10.45%. During the same period last year, the business posted $0.48 EPS.
FLOW has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of SPX FLOW from $77.00 to $79.00 and gave the company a "sector perform" rating in a research report on Thursday, November 11th. Bank of America initiated coverage on shares of SPX FLOW in a research report on Monday, September 27th. They issued an "underperform" rating and a $75.00 target price on the stock. Finally, Zacks Investment Research raised shares of SPX FLOW from a "sell" rating to a "hold" rating and set a $92.00 target price on the stock in a research report on Friday, November 12th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, SPX FLOW presently has a consensus rating of "Hold" and a consensus price target of $74.80.
Several hedge funds have recently added to or reduced their stakes in FLOW. FMR LLC lifted its stake in shares of SPX FLOW by 1.4% in the 1st quarter. FMR LLC now owns 1,004,760 shares of the industrial products company's stock worth $32,051,000 after acquiring an additional 13,672 shares during the period. First Trust Advisors LP lifted its stake in shares of SPX FLOW by 307.0% in the 1st quarter. First Trust Advisors LP now owns 41,803 shares of the industrial products company's stock worth $1,334,000 after acquiring an additional 31,532 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of SPX FLOW by 56.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 438,370 shares of the industrial products company's stock worth $13,984,000 after acquiring an additional 157,943 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of SPX FLOW by 4.2% in the 1st quarter. Ameriprise Financial Inc. now owns 202,660 shares of the industrial products company's stock worth $12,836,000 after acquiring an additional 8,209 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of SPX FLOW by 144.9% in the 1st quarter. Captrust Financial Advisors now owns 524 shares of the industrial products company's stock worth $33,000 after acquiring an additional 310 shares during the period. Institutional investors own 95.66% of the company's stock.
NYSE FLOW opened at $85.28 on Friday. 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 firm's fifty day moving average price is $77.34 and its 200 day moving average price is $73.78. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 0.83 and a beta of 1.73. SPX FLOW has a 12 month low of $52.12 and a 12 month high of $88.55.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 13th. Shareholders of record on Thursday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, September 29th. SPX FLOW's payout ratio is currently 19.67%.
SPX FLOW Company Profile
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.
Featured Article: Why are trading ranges significant?
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider SPX FLOW, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SPX FLOW wasn't on the list.
While SPX FLOW currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here