Seaport Res Ptn Issues Negative Estimate for SPXC Earnings

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Analysts at Seaport Res Ptn cut their Q2 2025 earnings estimates for SPX Technologies in a research report issued to clients and investors on Friday, May 2nd. Seaport Res Ptn analyst W. Liptak now expects that the company will earn $1.49 per share for the quarter, down from their previous estimate of $1.51. The consensus estimate for SPX Technologies' current full-year earnings is $5.57 per share. Seaport Res Ptn also issued estimates for SPX Technologies' Q3 2025 earnings at $1.61 EPS, Q4 2025 earnings at $1.89 EPS, FY2025 earnings at $6.38 EPS, Q2 2026 earnings at $1.64 EPS and Q3 2026 earnings at $1.75 EPS.

Several other analysts have also issued reports on SPXC. Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a research note on Wednesday, February 26th. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, SPX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $174.75.

SPX Technologies Stock Up 6.0 %

Shares of NYSE:SPXC opened at $144.87 on Monday. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 1.33 and a beta of 1.21. The business's 50 day moving average is $133.51 and its 200 day moving average is $147.34. SPX Technologies has a 12-month low of $115.00 and a 12-month high of $183.83. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.22. The business had revenue of $482.60 million for the quarter, compared to analysts' expectations of $481.32 million. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS.

Institutional Trading of SPX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SPXC. Allworth Financial LP grew its stake in SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after buying an additional 90 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of SPX Technologies in the fourth quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of SPX Technologies by 377.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after purchasing an additional 151 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after purchasing an additional 185 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in SPX Technologies in the 1st quarter worth about $27,000. Institutional investors own 92.82% of the company's stock.

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.

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