Q3 EPS Estimates for SPX Technologies Raised by B. Riley

Key Points

• Analysts at B. Riley have raised their Q3 2025 EPS estimates for SPX Technologies from $1.52 to $1.54 per share, maintaining a "Strong-Buy" rating on the stock.
• Multiple brokerages, including Oppenheimer and UBS Group, have recently increased their price targets for SPX Technologies, with the average target now at $195.20.
• SPX Technologies reported earnings of $1.65 per share in its last quarter, exceeding analyst expectations of $1.45, while also achieving a year-over-year revenue growth of 10.2%.

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Research analysts at B. Riley boosted their Q3 2025 earnings estimates for shares of SPX Technologies in a note issued to investors on Friday, August 1st. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings of $1.54 per share for the quarter, up from their previous estimate of $1.52. B. Riley currently 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' Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $6.54 EPS, FY2026 earnings at $7.16 EPS, FY2027 earnings at $8.05 EPS and FY2028 earnings at $9.31 EPS.

A number of other brokerages have also recently weighed in on SPXC. Oppenheimer boosted their price target on shares of SPX Technologies from $170.00 to $197.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. UBS Group boosted their price target on shares of SPX Technologies from $182.00 to $210.00 and gave the company a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $195.20.

SPX Technologies Price Performance

Shares of SPXC opened at $196.43 on Monday. SPX Technologies has a 1-year low of $115.00 and a 1-year high of $198.75. The stock has a market cap of $9.18 billion, a PE ratio of 44.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.97 and a quick ratio of 1.28. The firm has a fifty day moving average price of $166.62 and a 200 day moving average price of $149.97.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.20. The business had revenue of $552.40 million during the quarter, compared to analysts' expectations of $546.03 million. SPX Technologies had a net margin of 10.27% and a return on equity of 19.59%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Peregrine Capital Management LLC increased its stake in SPX Technologies by 2.9% in the second quarter. Peregrine Capital Management LLC now owns 97,309 shares of the company's stock valued at $16,317,000 after purchasing an additional 2,762 shares during the period. Teacher Retirement System of Texas increased its stake in shares of SPX Technologies by 31.0% during the second quarter. Teacher Retirement System of Texas now owns 15,000 shares of the company's stock worth $2,515,000 after acquiring an additional 3,547 shares during the period. Bessemer Group Inc. increased its stake in shares of SPX Technologies by 22.0% during the second quarter. Bessemer Group Inc. now owns 8,242 shares of the company's stock worth $1,382,000 after acquiring an additional 1,485 shares during the period. Ethic Inc. increased its stake in shares of SPX Technologies by 10.2% during the second quarter. Ethic Inc. now owns 9,586 shares of the company's stock worth $1,602,000 after acquiring an additional 890 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of SPX Technologies by 3.4% during the second quarter. Mutual of America Capital Management LLC now owns 24,406 shares of the company's stock worth $4,092,000 after acquiring an additional 813 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SPX Technologies news, Director Rick D. Puckett sold 6,823 shares of SPX Technologies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $153.01, for a total value of $1,043,987.23. Following the transaction, the director directly owned 33,770 shares in the company, valued at approximately $5,167,147.70. The trade was a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.32% of the stock is currently owned by company insiders.

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.

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