NYSE:SPXC - SPX Stock Price, Forecast & News

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

SPX Corp (NYSE:SPXC) released its earnings results on Wednesday, October, 30th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The company had revenue of $364.80 million for the quarter, compared to analysts' expectations of $353.48 million. SPX had a net margin of 5.18% and a return on equity of 27.82%. SPX's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. View SPX's Earnings History.

SPX is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for SPX.

SPX issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $2.65-2.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.65. The company issued revenue guidance of approx $1.50 billion, compared to the consensus revenue estimate of $1.51 billion.

5 brokerages have issued twelve-month price targets for SPX's shares. Their forecasts range from $50.00 to $58.00. On average, they expect SPX's share price to reach $54.00 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price. View Analyst Price Targets for SPX.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SPX in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SPX.

News coverage about SPXC stock has trended somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. SPX earned a news impact score of -1.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for SPX.

SPX saw a decline in short interest in January. As of January 15th, there was short interest totalling 671,900 shares, a decline of 22.3% from the December 31st total of 864,800 shares. Based on an average daily trading volume, of 321,100 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.6% of the company's shares are sold short. View SPX's Current Options Chain.

Some companies that are related to SPX include Tata Motors (TTM), BorgWarner (BWA), Lear (LEA), Gentex (GNTX), ISUZU MOTORS LT/ADR (ISUZY), VALEO/S (VLEEY), AUTO TRADER GRP/ADR (ATDRY), WABCO (WBC), Dongfeng Motor Group (DNFGY), Yamaha Motor (YAMHF), Autoliv (ALV), IAA (IAA), Hino Motors (HINOY), Oshkosh (OSK) and Polaris Industries (PII).

Based on aggregate information from My MarketBeat watchlists, some companies that other SPX investors own include SPX Flow (FLOW), Exxon Mobil (XOM), Pfizer (PFE), Advanced Energy Industries (AEIS), Pieris Pharmaceuticals (PIRS), PTC (PTC), Starbucks (SBUX), Skyworks Solutions (SWKS), Bank of America (BAC) and Brookdale Senior Living (BKD).

SPX's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.51%), California Public Employees Retirement System (0.46%), State of Alaska Department of Revenue (0.08%), Arizona State Retirement System (0.07%), Strs Ohio (0.05%) and Louisiana State Employees Retirement System (0.03%). 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.

SPXC stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Arizona State Retirement System, Strs Ohio, Squar Milner Financial Services LLC, CWM Advisors LLC, Louisiana State Employees Retirement System, Raymond James Trust N.A. and State of Alaska Department of Revenue. Company insiders that have sold SPX company stock in the last year include Brian G Mason, John William Swann III and Michael Andrew Reilly. View Insider Buying and Selling for SPX.

SPXC stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System and NEXT Financial Group Inc. View Insider Buying and Selling for 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.

One share of SPXC stock can currently be purchased for approximately $50.73.

SPX has a market capitalization of $2.24 billion and generates $1.54 billion in revenue each year. The company earns $81.20 million in net income (profit) each year or $2.20 on an earnings per share basis. SPX employs 4,000 workers across the globe.View Additional Information About SPX.

The official website for SPX is http://www.spx.com/.

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]