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NYSE:SPXCSPX Stock Price, Forecast & News

$37.96
+0.09 (+0.24 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$37.38
Now: $37.96
$38.23
50-Day Range
$28.88
MA: $35.84
$41.10
52-Week Range
$25.50
Now: $37.96
$53.76
Volume153,100 shs
Average Volume320,631 shs
Market Capitalization$1.69 billion
P/E Ratio18.16
Dividend YieldN/A
Beta1.51
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates in three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating, and ventilation products in the residential and commercial markets. The Detection and Measurement segment offers underground pipe and cable locators, and inspection and rehabilitation equipment, as well as bus fare collection systems, communication technologies, and specialty lighting products. The Engineered Solutions segment provides transformers for the power transmission and distribution markets; and process cooling equipment for the industrial and power generation markets. This segment sells transformers for publicly and privately held utilities under the Waukesha brand name; and process cooling products under the SPX Cooling and Marley brand names. The company also offers heat exchangers for the industrial and power generation markets. SPX Corporation markets its products through various distribution channels, such as direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The company is headquartered in Charlotte, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.45 out of 5 stars


Industry, Sector and Symbol

Industry Metalworking machinery & equipment
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Previous SymbolNASDAQ:SPXC
CUSIPN/A
Phone980-474-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$3.59 per share
Book Value$11.38 per share

Profitability

Net Income$65.30 million

Miscellaneous

Employees4,500
Market Cap$1.69 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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SPX (NYSE:SPXC) Frequently Asked Questions

How has SPX's stock been impacted by COVID-19 (Coronavirus)?

SPX's stock was trading at $38.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SPXC stock has decreased by 2.1% and is now trading at $37.96. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of SPX?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SPX in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for SPX.

When is SPX's next earnings date?

SPX is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for SPX.

How were SPX's earnings last quarter?

SPX Corp (NYSE:SPXC) released its earnings results on Thursday, April, 30th. The company reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.10. The business earned $365.30 million during the quarter, compared to the consensus estimate of $360.43 million. SPX had a net margin of 6.09% and a return on equity of 27.02%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. View SPX's earnings history.

What price target have analysts set for SPXC?

7 brokers have issued 1-year price objectives for SPX's stock. Their forecasts range from $44.00 to $60.00. On average, they anticipate SPX's stock price to reach $50.83 in the next twelve months. This suggests a possible upside of 33.9% from the stock's current price. View analysts' price targets for SPX.

Has SPX been receiving favorable news coverage?

Media stories about SPXC stock have been trending negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SPX earned a news sentiment score of -2.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutSPX.

Who are some of SPX's key competitors?

What other stocks do shareholders of SPX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPX investors own include SPX Flow (FLOW), Exxon Mobil (XOM), Alibaba Group (BABA), Advanced Micro Devices (AMD), Bank of America (BAC), Pfizer (PFE), Qorvo (QRVO), Starbucks (SBUX), Skyworks Solutions (SWKS) and Verizon Communications (VZ).

Who are SPX's key executives?

SPX's management team includes the following people:
  • Mr. Eugene Joseph Lowe III, Pres, CEO & Director (Age 51)
  • Mr. Scott William Sproule, VP, CFO & Treasurer (Age 49)
  • Mr. J. Randall Data, Pres of South Africa & Global Operations (Age 53)
  • Mr. John Webster Nurkin, VP, Gen. Counsel & Sec. (Age 49)
  • Mr. John William Swann III, Pres of Weil-McLain, Marley Engineered Products & Radiodetection (Age 48)

What is SPX's stock symbol?

SPX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPXC."

Who are SPX's major shareholders?

SPX's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.75%), State Street Corp (3.02%), Channing Capital Management LLC (2.54%), Invesco Ltd. (2.09%), Wells Fargo & Company MN (2.00%) and Rothschild & Co. Asset Management US Inc. (1.71%). Company insiders that own SPX stock include Brian G Mason, John Webster Nurkin, John William Swann III and Michael Andrew Reilly. View institutional ownership trends for SPX.

Which institutional investors are selling SPX stock?

SPXC stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Invesco Ltd., Cramer Rosenthal Mcglynn LLC, BlackRock Inc., Squarepoint Ops LLC, Rothschild & Co. Asset Management US Inc., and Skyline Asset Management LP. View insider buying and selling activity for SPX.

Which institutional investors are buying SPX stock?

SPXC stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Channing Capital Management LLC, Federated Hermes Inc., Robeco Institutional Asset Management B.V., Silvercrest Asset Management Group LLC, State Street Corp, ClariVest Asset Management LLC, and Nuveen Asset Management LLC. View insider buying and selling activity for SPX.

How do I buy shares of SPX?

Shares of SPXC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is SPX's stock price today?

One share of SPXC stock can currently be purchased for approximately $37.96.

How big of a company is SPX?

SPX has a market capitalization of $1.69 billion and generates $1.53 billion in revenue each year. The company earns $65.30 million in net income (profit) each year or $2.76 on an earnings per share basis. SPX employs 4,500 workers across the globe.

What is SPX's official website?

The official website for SPX is www.spx.com.

How can I contact SPX?

SPX's mailing address is 13320-A BALLANTYNE CORPORATE PLACE, CHARLOTTE NC, 28277. The company can be reached via phone at 980-474-3700 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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