SPX - SPXC Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SPX in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SPX stock.
View analyst ratings for SPX or view top-rated stocks.

SPX's stock was trading at $59.68 at the beginning of 2022. Since then, SPXC stock has increased by 0.4% and is now trading at $59.94.
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SPX is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for SPX.

SPX Co. (NYSE:SPXC) released its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.01. The business earned $285.80 million during the quarter, compared to the consensus estimate of $297.85 million. SPX had a trailing twelve-month return on equity of 10.25% and a net margin of 27.91%. During the same quarter in the prior year, the business posted $0.64 EPS.

SPX issued an update on its FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.70-2.85 for the period, compared to the consensus EPS estimate of $2.76. The company issued revenue guidance of $1.41-1.45 billion, compared to the consensus revenue estimate of $1.39 billion.

45 employees have rated SPX CEO Gene Lowe on Glassdoor.com. Gene Lowe has an approval rating of 62% among SPX'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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPXC."

SPX's stock is owned by a number of institutional and retail investors. Top institutional investors include Brown Advisory Inc. (1.40%), Allspring Global Investments Holdings LLC (1.24%), Vaughan Nelson Investment Management L.P. (1.14%), Wedge Capital Management L L P NC (0.66%), Peregrine Capital Management LLC (0.54%) and DekaBank Deutsche Girozentrale (0.51%). Company insiders that own SPX stock include Brian G Mason, Brian G Mason, John Webster Nurkin, John William Swann III, Michael Andrew Reilly, Natausha Heleena White and Scott William Sproule.
View institutional ownership trends for SPX.

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 $59.94.

SPX (NYSE:SPXC) has a market capitalization of $2.74 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.

SPX employs 3,100 workers across the globe.

SPX's mailing address is 6325 ARDREY KELL ROAD SUITE 400, CHARLOTTE NC, 28277. The official website for SPX 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.