SPX Technologies - SPXC Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPXC shares.
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1 equities research analysts have issued 1 year target prices for SPX Technologies' stock. Their SPXC share price forecasts range from $72.00 to $72.00. On average, they expect the company's share price to reach $72.00 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
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SPX Technologies' stock was trading at $65.65 at the start of the year. Since then, SPXC stock has increased by 15.7% and is now trading at $75.98.
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SPX Technologies saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 434,200 shares, a decrease of 14.5% from the December 31st total of 507,800 shares. Based on an average daily volume of 185,000 shares, the short-interest ratio is currently 2.3 days. Approximately 1.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SPXC earnings forecast.

SPX Technologies will be holding an earnings conference call on Thursday, February 23rd at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link.

SPX Technologies, Inc. (NYSE:SPXC) posted its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.01. The company had revenue of $285.80 million for the quarter, compared to the consensus estimate of $297.85 million. SPX Technologies had a net margin of 2.45% and a trailing twelve-month return on equity of 11.87%. During the same quarter last year, the firm earned $0.64 EPS.

SPX Technologies updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $2.85-$2.95 for the period, compared to the consensus estimate of $2.82. The company issued revenue guidance of $1.43 billion-$1.47 billion, compared to the consensus revenue estimate of $1.43 billion.

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.

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).

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

SPX Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (1.49%), Allspring Global Investments Holdings LLC (1.11%), Wedge Capital Management L L P NC (0.47%), Peregrine Capital Management LLC (0.41%), Mesirow Institutional Investment Management Inc. (0.25%) and Comerica Bank (0.20%). Insiders that own company stock include Brian G Mason, John Webster Nurkin, John William Swann III, Michael Andrew Reilly, Natausha Heleena White and Scott William Sproule.
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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.
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One share of SPXC stock can currently be purchased for approximately $75.98.

SPX Technologies (NYSE:SPXC) has a market capitalization of $3.43 billion and generates $1.22 billion in revenue each year. The company earns $425.40 million in net income (profit) each year or $0.74 on an earnings per share basis.

The company employs 3,100 workers across the globe.

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 (704) 752-4400, via email at spx.investor@spx.com, or via fax at 302-655-5049.