Forgent Power Solutions (NYSE:FPS) Shares Down 2.3% - What's Next?

Key Points

• Forgent Power Solutions shares fell 2.3% to $36.25, with trading volume 7% above the average session volume.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $56.07; recent targets include $48 from Bernstein and $49 from JPMorgan.
• The company beat quarterly EPS estimates by $0.01 and reported 94.3% year-over-year revenue growth to $461.67 million, while guiding fiscal 2027 EPS to $1.26–$1.40.

Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report)'s share price dropped 2.3% during trading on Tuesday. The company traded as low as $34.75 and last traded at $36.25. 7,198,633 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 6,712,651 shares. The stock had previously closed at $37.09.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Sanford C. Bernstein initiated coverage on Forgent Power Solutions in a report on Friday, October 2nd. They issued an "outperform" rating and a $48.00 price target on the stock. Zacks Research upgraded Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. KeyCorp reaffirmed an "overweight" rating on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Wells Fargo & Company started coverage on Forgent Power Solutions in a research report on Thursday, September 24th. They set an "equal weight" rating and a $44.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on Forgent Power Solutions from $56.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.07.

Forgent Power Solutions Stock Performance

The company has a 50-day moving average of $35.57 and a 200-day moving average of $40.76. The company has a market cap of $11.04 billion and a PE ratio of 92.95. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last released its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The business had revenue of $461.67 million during the quarter. Forgent Power Solutions's quarterly revenue was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, analysts anticipate that Forgent Power Solutions, Inc. will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FPS. Northwestern Mutual Wealth Management Co. bought a new position in shares of Forgent Power Solutions during the 2nd quarter worth approximately $30,000. Triumph Capital Management purchased a new position in shares of Forgent Power Solutions in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC grew its holdings in shares of Forgent Power Solutions by 918.5% in the third quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after acquiring an additional 845 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Forgent Power Solutions in the second quarter valued at approximately $48,000. Finally, Hollencrest Capital Management bought a new position in shares of Forgent Power Solutions in the second quarter valued at approximately $56,000.

About Forgent Power Solutions

Forgent Power Solutions, Inc is an electrical infrastructure company that provides equipment and related solutions used in power generation, transmission, distribution and industrial applications. Its offerings support the delivery, control and management of electricity across utility and commercial power systems.

The company's products and services include transformers, switchgear, substations and other electrical distribution equipment. These solutions are used by electric utilities, industrial customers, commercial facilities and other organizations that require reliable power infrastructure.

Forgent Power Solutions serves customers involved in the North American power and electrical infrastructure markets.

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