SPX Technologies (SPXC) Scheduled to Post Earnings on Thursday

SPX Technologies (NYSE:SPXC - Get Free Report) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.07 per share for the quarter. SPX Technologies has set its FY24 guidance at $4.85-5.15 EPS and its FY 2024 guidance at 4.850-5.150 EPS.Investors interested in registering for the company's conference call can do so using this link.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $1.25 EPS for the quarter, meeting analysts' consensus estimates of $1.25. The firm had revenue of $469.40 million for the quarter, compared to analysts' expectations of $481.98 million. SPX Technologies had a return on equity of 17.30% and a net margin of 5.16%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, analysts expect SPX Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

SPX Technologies Trading Up 0.0 %

SPXC stock traded up $0.02 during midday trading on Thursday, hitting $119.90. 218,347 shares of the company's stock were exchanged, compared to its average volume of 231,418. SPX Technologies has a 1-year low of $61.09 and a 1-year high of $124.81. The company has a current ratio of 1.77, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.55 billion, a PE ratio of 62.45, a P/E/G ratio of 1.33 and a beta of 1.25. The business has a 50-day simple moving average of $117.15 and a two-hundred day simple moving average of $101.07.

Analyst Ratings Changes

Several analysts recently issued reports on SPXC shares. UBS Group boosted their price objective on shares of SPX Technologies from $90.00 to $126.00 and gave the company a "neutral" rating in a report on Wednesday, March 27th. StockNews.com downgraded shares of SPX Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $134.00 price objective (up previously from $124.00) on shares of SPX Technologies in a research report on Thursday, March 28th.

Insider Transactions at SPX Technologies

In related news, insider John William Swann III sold 32,325 shares of SPX Technologies stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $117.61, for a total transaction of $3,801,743.25. Following the sale, the insider now directly owns 82,884 shares in the company, valued at approximately $9,747,987.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other SPX Technologies news, insider John William Swann III sold 32,325 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $117.61, for a total value of $3,801,743.25. Following the completion of the sale, the insider now owns 82,884 shares in the company, valued at $9,747,987.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Eugene Joseph Lowe III sold 35,000 shares of SPX Technologies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $115.34, for a total transaction of $4,036,900.00. Following the completion of the transaction, the chief executive officer now directly owns 667,045 shares in the company, valued at $76,936,970.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,373 shares of company stock valued at $10,962,146. 3.53% of the stock is currently owned by corporate insiders.

SPX Technologies Company Profile

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.