NYSE:SPXC

SPX Technologies - SPXC Stock Forecast, Price & News

$59.16

+3.08 (+5.49%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $56.85
▼
$59.22
50-Day Range: $53.79
▼
$63.96
52-Week Range: $41.66
▼
$68.24

Volume: 145,632 shs
Average Volume: 162,029 shs
Market Capitalization: $2.67 billion

P/E Ratio: 7.61
Dividend Yield: N/A
Price Target: $72.00

SPX Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 21.7% Upside
$72.00 Price Target
Short Interest: Healthy
1.68% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.40
Based on 13 Articles This Week
Insider Trading: Selling Shares
$515,075 Sold Last Quarter
Proj. Earnings Growth: 15.49%
From $2.84 to $3.28 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Business Services Sector

60th out of 336 stocks

Metalworking Machinery & Equipment Industry

1st out of 4 stocks

2.3

Analyst's Opinion

Consensus Rating
SPX Technologies has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.00, SPX Technologies has a forecasted upside of 21.7% from its current price of $59.16.
Amount of Analyst Coverage
SPX Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.68% of the float of SPX Technologies has been sold short.
Short Interest Ratio / Days to Cover
SPX Technologies has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in SPX Technologies has recently decreased by 2.52%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
SPX Technologies does not currently pay a dividend.
Dividend Growth
SPX Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SPXC.

1.9

News and Social Media Coverage

News Sentiment
SPX Technologies has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for SPX Technologies this week, compared to 7 articles on an average week.
MarketBeat Follows
Only 3 people have added SPX Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SPX Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $515,075.00 in company stock.
Percentage Held by Insiders
Only 3.70% of the stock of SPX Technologies is held by insiders.
Percentage Held by Institutions
86.84% of the stock of SPX Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for SPX Technologies are expected to grow by 15.49% in the coming year, from $2.84 to $3.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SPX Technologies is 7.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of SPX Technologies is 7.61, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 211.38.
Price to Earnings Growth Ratio
SPX Technologies has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
SPX Technologies has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SPX Technologies (NYSE:SPXC) Stock

SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. 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 and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

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SPXC Stock News Headlines

October 5, 2022 | americanbankingnews.com

Oppenheimer Weighs in on SPX Technologies, Inc.'s Q3 2022 Earnings (NYSE:SPXC)

October 2, 2022 | americanbankingnews.com

Oppenheimer Reiterates Buy Rating for SPX Technologies (NYSE:SPXC)

October 2, 2022 | americanbankingnews.com

SPX Technologies, Inc. to Post FY2022 Earnings of $2.82 Per Share, Oppenheimer Forecasts (NYSE:SPXC)

September 20, 2022 | finance.yahoo.com

SPX Technologies, Inc. (SPXC)

September 1, 2022 | globenewswire.com

SPX Announces Resignation of Jamie Harris, Chief Financial Officer and Treasurer - GlobeNewswire

August 31, 2022 | seekingalpha.com

Levels To Monitor In The Coming Pullback - Seeking Alpha

August 29, 2022 | nasdaq.com

Bearish Technical Omens for SPX, "Fear Gauge" - Nasdaq

August 26, 2022 | investing.com

S&P 500 Pulls Back As Expected: Rally Time? | investing.com - Investing.com

August 24, 2022 | investing.com

Index Near-Term Trends Remain Neutral - Investing.com

August 23, 2022 | marketwatch.com

Disappointing U.S. data has traders considering possibility of a half-point Fed rate hike in September - MarketWatch

August 22, 2022 | investing.com

BTIG's Krinsky Keeping an Eye on the SPX 20 DMA By Investing.com - Investing.com

August 22, 2022 | investing.com

S&P 500: Will It Be Cash Or Crash? - Investing.com

August 18, 2022 | streetinsider.com

Merrill Lynch Mitts S&p 500 Index Due 8/05/2010 (SPX) The Biden Administration to End Coverage of Covid Vaccines - WSJ - StreetInsider.com

August 18, 2022 | marketwatch.com

Now that the S&P 500 is looking overbought, watch what happens to this downtrend line that defines the bear market - MarketWatch

August 17, 2022 | nasdaq.com

We Think SPX Technologies (NYSE:SPXC) Can Stay On Top Of Its Debt - Nasdaq

August 16, 2022 | seekingalpha.com

Nasdaq, S&P, Dow futures drift down after solid gains to start the week - Seeking Alpha

August 16, 2022 | finance.yahoo.com

SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity - Yahoo Finance

August 15, 2022 | seekingalpha.com

The Next Drop Is Coming - Seeking Alpha

August 15, 2022 | globenewswire.com

SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity - GlobeNewswire

August 15, 2022 | bloomberg.com

BofA Says Quantitative Tightening Would Shave 7% Off S&P 500 - Bloomberg

August 14, 2022 | finance.yahoo.com

What Type Of Shareholders Own The Most Number of SPX Corporation (NYSE:SPXC) Shares?

August 13, 2022 | seekingalpha.com

Big U.S. Stocks' Q2 2022 Fundamentals (SPX) - Seeking Alpha

August 12, 2022 | marketwatch.com

A weaker U.S. dollar helped lift the stock market --- but the greenback's peak may still be ahead - MarketWatch

August 12, 2022 | seekingalpha.com

Taming Inflation May Require More Than A Recession (SPX) - Seeking Alpha

August 12, 2022 | seekingalpha.com

The White House, Fed, Inflation, And Flow Of Funds For August 2022 - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SPXC Company Calendar

Last Earnings: 8/04/2022
Today: 10/05/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Metalworking machinery & equipment
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:SPXC
Previous Symbol: NASDAQ:SPXC
CUSIP: N/A
CIK: 88205
Web: www.spx.com
Phone: (980) 474-3700
Fax: 302-655-5049
Employees: 3,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $72.00
High Stock Price Forecast: $72.00
Low Stock Price Forecast: $72.00
Forecasted Upside/Downside: +21.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.77
Trailing P/E Ratio: 7.61
Forward P/E Ratio: 20.83
P/E Growth: 1.1
Net Income: $425.40 million
Net Margins: 27.91%
Pretax Margin: 4.67%
Return on Equity: 10.25%
Return on Assets: 4.40%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 2.11
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $1.22 billion
Price / Sales: 2.19
Cash Flow: $3.63 per share
Price / Cash Flow: 16.31
Book Value: $24.29 per share
Price / Book: 2.44

Miscellaneous

Outstanding Shares: 45,210,000
Free Float: 43,540,000
Market Cap: $2.67 billion
Optionable: Optionable
Beta: 1.17

Key Executives

Mr. Eugene Joseph Lowe III (Age 54)
Pres, CEO & Director
Comp: $2.18M

Mr. James E. Harris (Age 60)
CFO, VP & Treasurer
Comp: $1.07M

Mr. J. Randall Data (Age 56)
Pres of South Africa & Global Operations
Comp: $971.48k

Mr. John Webster Nurkin (Age 52)
VP, Gen. Counsel & Sec.
Comp: $722.72k

Mr. John William Swann III (Age 51)
Pres of Heating, Location & Inspection
Comp: $977.43k

Mr. Michael A. Reilly
Chief Accounting Officer, VP of Fin. & Corp. Controller

Mr. Paul Clegg
VP of Investor Relations & Communications

Vivek Dhir
VP of Global Marketing & Bus. Devel.

Ms. NaTausha Heleena White (Age 50)
VP & Chief HR Officer

Mr. Ross Skelton
Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPXC Stock - Frequently Asked Questions

Should I buy or sell SPX Technologies stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPXC shares.
View SPXC analyst ratings or view top-rated stocks.
What is SPX Technologies' stock price forecast for 2022?: 3 Wall Street analysts have issued 12 month price targets for SPX Technologies' shares. Their SPXC share price forecasts range from $72.00 to $72.00. On average, they expect the company's stock price to reach $72.00 in the next year. This suggests a possible upside of 21.7% from the stock's current price.
View analysts price targets for SPXC or view top-rated stocks among Wall Street analysts.
How have SPXC shares performed in 2022?: SPX Technologies' stock was trading at $59.68 at the beginning of 2022. Since then, SPXC stock has decreased by 0.9% and is now trading at $59.16.
View the best growth stocks for 2022 here.
When is SPX Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SPXC earnings forecast.
How were SPX Technologies' earnings last quarter?: SPX Technologies, Inc. (NYSE:SPXC) released its earnings results on Thursday, August, 4th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.10. The company earned $354 million during the quarter, compared to analysts' expectations of $341.43 million. SPX Technologies had a trailing twelve-month return on equity of 10.25% and a net margin of 27.91%.
What guidance has SPX Technologies issued on next quarter's earnings?: SPX Technologies updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of $2.70-$2.85 for the period. The company issued revenue guidance of $1.41 billion-$1.45 billion, compared to the consensus revenue estimate of $1.39 billion.

What is Gene Lowe's approval rating as SPX Technologies' CEO?: 45 employees have rated SPX Technologies Chief Executive Officer Gene Lowe on Glassdoor.com. Gene Lowe has an approval rating of 62% among the company's employees. This puts Gene Lowe in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of SPX Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other SPX Technologies investors own include SPX FLOW (FLOW), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Pfizer (PFE), Alibaba Group (BABA), Qorvo (QRVO), Skyworks Solutions (SWKS), Bank of America (BAC), Bristol-Myers Squibb (BMY) and Starbucks (SBUX).
What is SPX Technologies' stock symbol?: SPX Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPXC."
How do I buy shares of SPX Technologies?: Shares of SPXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is SPX Technologies' stock price today?: One share of SPXC stock can currently be purchased for approximately $59.16.
How much money does SPX Technologies make?: SPX Technologies (NYSE:SPXC) has a market capitalization of $2.67 billion and generates $1.22 billion in revenue each year. The company earns $425.40 million in net income (profit) each year or $7.77 on an earnings per share basis.
How many employees does SPX Technologies have?: The company employs 3,100 workers across the globe.
How can I contact SPX Technologies?: SPX Technologies' mailing address is 6325 ARDREY KELL ROAD SUITE 400, CHARLOTTE NC, 28277. The official website for the company is www.spx.com. The company can be reached via phone at (980) 474-3700, via email at spx.investor@spx.com, or via fax at 302-655-5049.

This page (NYSE:SPXC) was last updated on 10/5/2022 by MarketBeat.com Staff

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SPX Technologies - SPXC Stock Forecast, Price & News

SPX Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month