SPX Technologies (SPXC) to Release Earnings on Thursday

SPX Technologies (NYSE:SPXC - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect SPX Technologies to post earnings of $1.45 per share and revenue of $546.03 million for the quarter. SPX Technologies has set its FY 2025 guidance at 6.100-6.400 EPS.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.22. The business had revenue of $482.60 million for the quarter, compared to the consensus estimate of $481.32 million. SPX Technologies had a return on equity of 19.67% and a net margin of 10.13%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.25 earnings per share. On average, analysts expect SPX Technologies to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

SPX Technologies Trading Down 0.1%

Shares of SPXC traded down $0.23 during trading hours on Thursday, hitting $175.35. The company had a trading volume of 172,717 shares, compared to its average volume of 266,402. The firm has a market cap of $8.19 billion, a P/E ratio of 40.87, a P/E/G ratio of 1.54 and a beta of 1.24. The stock's 50 day moving average price is $162.99 and its 200 day moving average price is $148.22. The company has a quick ratio of 1.24, a current ratio of 1.88 and a debt-to-equity ratio of 0.60. SPX Technologies has a 52-week low of $115.00 and a 52-week high of $183.83.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPXC. B. Riley began coverage on SPX Technologies in a report on Thursday, May 15th. They issued a "buy" rating and a $195.00 price objective on the stock. Oppenheimer lifted their price objective on SPX Technologies from $170.00 to $197.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, UBS Group upgraded SPX Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $160.00 to $182.00 in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $189.60.

Insider Transactions at SPX Technologies

In related news, Director Rick D. Puckett sold 6,823 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $153.01, for a total transaction of $1,043,987.23. Following the transaction, the director owned 33,770 shares in the company, valued at $5,167,147.70. The trade was a 16.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in SPX Technologies by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company's stock valued at $80,000 after acquiring an additional 112 shares in the last quarter. AQR Capital Management LLC boosted its position in SPX Technologies by 74.5% during the 1st quarter. AQR Capital Management LLC now owns 20,734 shares of the company's stock valued at $2,670,000 after acquiring an additional 8,854 shares in the last quarter. Royal Bank of Canada boosted its position in SPX Technologies by 8.1% during the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company's stock valued at $4,942,000 after acquiring an additional 2,892 shares in the last quarter. Millennium Management LLC boosted its position in SPX Technologies by 214.4% during the 1st quarter. Millennium Management LLC now owns 83,285 shares of the company's stock valued at $10,725,000 after acquiring an additional 56,799 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in SPX Technologies by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company's stock valued at $24,742,000 after acquiring an additional 3,353 shares in the last quarter. Hedge funds and other 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.