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) issued its quarterly earnings results on Thursday, February, 13th. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.94 by $0.02. The company had revenue of $444.60 million for the quarter, compared to analysts' expectations of $438.75 million. SPX had a return on equity of 27.32% and a net margin of 4.65%. View SPX's Earnings History.

SPX is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for SPX.

SPX updated its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share guidance of $2.90-3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.93. The company issued revenue guidance of Approx $1.6 billion, compared to the consensus revenue estimate of $1.58 billion.

5 brokerages have issued 1 year price objectives for SPX's shares. Their forecasts range from $50.00 to $60.00. On average, they anticipate SPX's stock price to reach $54.50 in the next twelve months. This suggests a possible upside of 16.5% 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 headlines about SPXC stock have been trending very negative this week, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. SPX earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for SPX.

SPX saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 732,800 shares, an increase of 9.1% from the January 15th total of 671,900 shares. Based on an average trading volume of 331,700 shares, the short-interest ratio is currently 2.2 days. Approximately 1.7% of the company's shares are sold short. View SPX's Current Options Chain.

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

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), Lululemon Athletica (LULU), Qorvo (QRVO), Starbucks (SBUX), Skyworks Solutions (SWKS), Bank of America (BAC) and Pfizer (PFE).

SPX's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (2.86%), Amundi Pioneer Asset Management Inc. (1.98%), Rothschild & Co. Asset Management US Inc. (1.93%), Peregrine Capital Management LLC (1.51%), Cramer Rosenthal Mcglynn LLC (1.47%) and Bank of New York Mellon Corp (1.33%). 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 FMR LLC, Oppenheimer Asset Management Inc., Overbrook Management Corp, Peregrine Capital Management LLC, Cramer Rosenthal Mcglynn LLC, Mesirow Financial Investment Management Equity Management, Rothschild & Co. Asset Management US Inc. and Amundi Pioneer Asset Management Inc.. Company insiders that have sold SPX company stock in the last year include Brian G Mason and Michael Andrew Reilly. View Insider Buying and Selling for SPX.

SPXC stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., Prudential Financial Inc., Lord Abbett & CO. LLC, Panagora Asset Management Inc., California Public Employees Retirement System and Renaissance Technologies LLC. 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 $46.77.

SPX has a market capitalization of $2.07 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.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]