Forgent Power Solutions (NYSE:FPS) Hits New 52-Week Low - Here's What Happened

Key Points

• Forgent Power Solutions shares fell to a new 52-week low, trading as low as $21.31 and last quoted at $20.55, down from the prior close of $22.44.
• Analysts maintain a broadly positive outlook: the stock has a “Moderate Buy” consensus rating and a $54.21 average price target, despite Jefferies cutting its target to $36.
• Recent quarterly results slightly beat EPS estimates at $0.25 and revenue rose 94.3% year over year to $461.67 million; the company issued FY 2027 EPS guidance of $1.26–$1.40.

Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report)'s share price hit a new 52-week low on Thursday. The company traded as low as $21.31 and last traded at $20.5470, with a volume of 323,375 shares. The stock had previously closed at $22.44.

Wall Street Analyst Weigh In

A number of research analysts have commented on FPS shares. KeyCorp restated an "overweight" rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Wolfe Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Jefferies Financial Group dropped their price objective on shares of Forgent Power Solutions from $47.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Zacks Research upgraded shares of Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. Finally, Robert W. Baird started coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They issued an "outperform" rating and a $55.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Forgent Power Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.21.

Forgent Power Solutions Trading Down 14.4%

The business has a fifty day moving average of $32.93 and a 200-day moving average of $38.57. The stock has a market capitalization of $5.85 billion and a price-to-earnings ratio of 49.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.07.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last announced its earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $461.67 million for the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The firm's revenue was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. On average, equities analysts anticipate that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Forgent Power Solutions

A number of institutional investors have recently bought and sold shares of the company. Clear Wave Wealth Management LLC acquired a new position in Forgent Power Solutions during the 3rd quarter valued at about $316,000. Pictet Asset Management Holding SA increased its stake in shares of Forgent Power Solutions by 9.8% in the third quarter. Pictet Asset Management Holding SA now owns 569,948 shares of the company's stock valued at $21,339,000 after buying an additional 50,700 shares during the period. Alps Advisors Inc. boosted its stake in shares of Forgent Power Solutions by 99.1% in the 3rd quarter. Alps Advisors Inc. now owns 58,248 shares of the company's stock valued at $2,181,000 after purchasing an additional 28,993 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Forgent Power Solutions during the third quarter worth $520,000. Finally, Kestra Advisory Services LLC bought a new position in Forgent Power Solutions during the third quarter worth $258,000.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.

Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.

The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.

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