NYSE:SPXC

SPX Technologies - SPXC Stock Forecast, Price & News

$70.58

+0.43 (+0.61%)

(As of 03/31/2023 12:00 AM ET)

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Today's Range: $69.72
▼
$71.09
50-Day Range: $66.06
▼
$77.20
52-Week Range: $41.66
▼
$78.30

Volume: 382,786 shs
Average Volume: 217,393 shs
Market Capitalization: $3.21 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $82.00

Institutional Ownership

SPX Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.2% Upside
$82.00 Price Target
Short Interest: Healthy
0.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.89
Based on 3 Articles This Week
Insider Trading: Selling Shares
$2.83 M Sold Last Quarter
Proj. Earnings Growth: 12.32%
From $3.49 to $3.92 Per Share

Overall MarketRank^™

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

1.96 out of 5 stars

Business Services Sector

216th out of 323 stocks

Metalworking Machinery & Equipment Industry

2nd out of 5 stocks

2.5

Analyst's Opinion

Consensus Rating
SPX Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $82.00, SPX Technologies has a forecasted upside of 16.2% from its current price of $70.58.
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
0.89% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SPX Technologies has recently increased by 11.79%, indicating that investor sentiment is decreasing significantly.

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.

2.2

News and Social Media Coverage

News Sentiment
SPX Technologies has a news sentiment score of 0.89. 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 higher news sentiment than the 0.35 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for SPX Technologies this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 2 people have added SPX Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 $2,831,000.00 in company stock.
Percentage Held by Insiders
Only 3.70% of the stock of SPX Technologies is held by insiders.
Percentage Held by Institutions
92.06% of the stock of SPX Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for SPX Technologies are expected to grow by 12.32% in the coming year, from $3.49 to $3.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SPX Technologies is -7,058,000.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SPX Technologies is -7,058,000.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
SPX Technologies has a PEG Ratio of 1.12. 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 2.96. 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. engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets. The Detection and Measurement segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, fare collection systems, communication technologies, and obstruction lighting. The company was founded in 1912 and is headquartered in Charlotte, NC.

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SPXC Stock News Headlines

March 31, 2023 | markets.businessinsider.com

SPX (SPXC) Receives a Buy from Oppenheimer

March 26, 2023 | americanbankingnews.com

Insider Selling: SPX Technologies, Inc. (NYSE:SPXC) Insider Sells $877,750.00 in Stock

April 2, 2023 | Vantage Point (Ad)

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March 22, 2023 | americanbankingnews.com

J Randall Data Sells 28,826 Shares of SPX Technologies, Inc. (NYSE:SPXC) Stock

February 25, 2023 | finanznachrichten.de

SPX Technologies: SPX Reports Fourth Quarter and Full-Year 2022 Results

February 24, 2023 | markets.businessinsider.com

Oppenheimer Reaffirms Their Buy Rating on SPX (SPXC)

February 23, 2023 | finance.yahoo.com

SPX Technologies (SPXC) Q4 Earnings and Revenues Beat Estimates

February 23, 2023 | msn.com

SPX Technologies Non-GAAP EPS of $1.17 beats by $0.19, revenue of $429.3M beats by $13.3M

April 2, 2023 | Vantage Point (Ad)

Where Are The Markets Going Next?

February 23, 2023 | finance.yahoo.com

SPX Reports Fourth Quarter and Full-Year 2022 Results

February 12, 2023 | finance.yahoo.com

SPX Technologies' (NYSE:SPXC) five-year total shareholder returns outpace the underlying earnings growth

February 2, 2023 | benzinga.com

SPX Technologies Stock (NYSE:SPXC), Quotes and News Summary

January 26, 2023 | finance.yahoo.com

SPX Technologies to Report Fourth Quarter and Full-Year 2022 Financial Results and Present 2023 Financial Guidance

January 18, 2023 | reuters.com

SPXC.K - | Stock Price & Latest News | Reuters

January 17, 2023 | finance.yahoo.com

SPX Technologies Announces Sustainability Commitments

January 4, 2023 | ca.finance.yahoo.com

SPX Technologies, Inc. (NYSE:SPXC) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead

January 4, 2023 | finance.yahoo.com

SPX Technologies, Inc. (NYSE:SPXC) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

December 2, 2022 | msn.com

SPXC or PLTR: Which Is the Better Value Stock Right Now?

November 28, 2022 | finance.yahoo.com

Why SPX Technologies, Inc. (NYSE:SPXC) Could Be Worth Watching

November 9, 2022 | finance.yahoo.com

SPX Technologies Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

November 8, 2022 | finance.yahoo.com

Recent Price Trend in SPX Technologies (SPXC) is Your Friend, Here's Why

November 6, 2022 | seekingalpha.com

SPX Technologies, Inc. (SPXC) Q3 2022 Earnings Call Transcript

November 4, 2022 | finanznachrichten.de

SPX Technologies: SPX Reports Third Quarter 2022 Results

November 4, 2022 | msn.com

SPX Technologies (SPXC) Q3 Earnings and Revenues Beat Estimates

November 4, 2022 | finance.yahoo.com

SPX Reports Third Quarter 2022 Results

November 4, 2022 | finance.yahoo.com

SPX Introduces Fifth Annual Sustainability Report

November 1, 2022 | finance.yahoo.com

SPX Technologies Divests Legacy Asbestos Liabilities

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30 days | 90 days | 365 days | Advanced Chart

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SPXC Company Calendar

Last Earnings: 2/23/2023
Today: 4/02/2023
Next Earnings (Estimated): 5/03/2023
Fiscal Year End: 12/31/2023

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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: 3,300
Year Founded: 1912

Price Target and Rating

Average Stock Price Forecast: $82.00
High Stock Price Forecast: $82.00
Low Stock Price Forecast: $82.00
Forecasted Upside/Downside: +16.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.00
Trailing P/E Ratio: N/A
Forward P/E Ratio: 20.22
P/E Growth: 1.12
Net Income: $200,000.00
Net Margins: 0.01%
Pretax Margin: 1.86%
Return on Equity: 13.14%
Return on Assets: 6.05%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 2.16
Quick Ratio: 1.43

Sales & Book Value

Annual Sales: $1.46 billion
Price / Sales: 2.20
Cash Flow: $4.52 per share
Price / Cash Flow: 15.61
Book Value: $23.88 per share
Price / Book: 2.96

Miscellaneous

Outstanding Shares: 45,540,000
Free Float: 43,853,000
Market Cap: $3.21 billion
Optionable: Optionable
Beta: 1.23

Social Links

Key Executives

Eugene Joseph Lowe
President, Chief Executive Officer & Director

Randy Data
President-South Africa & Global Operations

Mark A. Carano
Chief Financial Officer, Treasurer & VP

Darnell Smith
Chief Information Officer

Tausha White
Chief Human Resources Officer & Vice President

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?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 2023?: 1 analysts have issued twelve-month price targets for SPX Technologies' stock. Their SPXC share price forecasts range from $82.00 to $82.00. On average, they expect the company's stock price to reach $82.00 in the next year. This suggests a possible upside of 16.2% 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 2023?: SPX Technologies' stock was trading at $65.65 at the beginning of the year. Since then, SPXC stock has increased by 7.5% and is now trading at $70.58.
View the best growth stocks for 2023 here.
Are investors shorting SPX Technologies?: SPX Technologies saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 385,200 shares, a decrease of 21.0% from the January 31st total of 487,800 shares. Based on an average daily volume of 171,200 shares, the short-interest ratio is currently 2.3 days. Approximately 0.9% of the company's shares are short sold.
View SPX Technologies' Short Interest.
When is SPX Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SPXC earnings forecast.
How were SPX Technologies' earnings last quarter?: SPX Technologies, Inc. (NYSE:SPXC) posted its earnings results on Thursday, February, 23rd. The company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.19. The company had revenue of $429.30 million for the quarter, compared to the consensus estimate of $416 million. SPX Technologies had a net margin of 0.01% and a trailing twelve-month return on equity of 13.14%. The company's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS.
What ETFs hold SPX Technologies' stock?: ETFs with the largest weight of SPX Technologies (NYSE:SPXC) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Nuveen Small Cap Select ETF (NSCS), Invesco DWA SmallCap Momentum ETF (DWAS), Xtrackers S&P SmallCap 600 ESG ETF (SMLE), SPDR S&P SmallCap 600 ESG ETF (ESIX) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).
What guidance has SPX Technologies issued on next quarter's earnings?: SPX Technologies updated its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of $3.30-$3.55 for the period, compared to the consensus earnings per share estimate of $3.39. The company issued revenue guidance of $1.50 billion-$1.54 billion, compared to the consensus revenue estimate of $1.56 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 $70.58.
How much money does SPX Technologies make?: SPX Technologies (NYSE:SPXC) has a market capitalization of $3.21 billion and generates $1.46 billion in revenue each year. The company earns $200,000.00 in net income (profit) each year or $0.00 on an earnings per share basis.
How many employees does SPX Technologies have?: The company employs 3,300 workers across the globe.
Does SPX Technologies have any subsidiaries?: The following companies are subsidiares of SPX Technologies: APV Asia, Arrendadora Korco S.A. de C.V., B.W. Murdoch Ltd, Ballantyne Holdings LLC, Beacon Navigation Pty Ltd, Bethpage Finance S.a.r.l., Beyond Vision LLC, CUES, CUES Canada Inc., CUES Inc., Cincinnati Fan, Cincinnati Fan & Ventilator Company Inc., Clyde Union, Communication Technologies Dominican Republic (COMMTECHDR) SRL, DBT Technologies (Pty) Ltd, Daniels Fans Limited, Dormant Radio Australia Pty Ltd., ELXSI Corporation, Engineered Air Quality Inc., Enterprise Control Systems, Enterprise Control Systems Limited, Fairbanks Morse India Limited, Fairbanks Morse Pump Corporation, Flash Technology LLC, General Signal India Private Limited, Genfare Holdings LLC, Gerstenberg Schröder A/S, International Tower Lighting LLC, KVT&I Pty Ltd, Kayex Holdings LLC, Kiawah Holding Company, Laser Guidance Inc., MCT Services LLC, Marley Canadian ULC, Marley Cooling Tower (Holdings) Limited, Marley Engineered Products LLC, Marley Mexicana S.A. de C.V., North American Transformer, Patterson-Kelley LLC, Patterson-Kelley LLC, Pinehurst Holding Company, Pipeline Inspection Partners Corp., Radiodetection (Canada) Ltd., Radiodetection (China) Limited, Radiodetection Australia Pty Limited, Radiodetection Limited, Radiodetection Sarl, Radiodetection B.V., SGS Refrigeration Inc., SPX (Guangzhou) Cooling Technologies Co. Ltd., SPX Cooling Technologies Canada Inc., SPX Cooling Technologies Malaysia Sdn Bhd, SPX Cooling Technologies Singapore Pte. Ltd., SPX Cooling Technologies Trading DMCC, SPX Cooling Technologies UK Limited, SPX Cooling Technologies Inc., SPX Cooling Technologies GmbH, SPX Cooling Technology (Suzhou) Co. Ltd., SPX European Holding Limited, SPX Germany Holding GmbH, SPX Heat Transfer LLC, SPX Holding Inc., SPX Mauritius Ltd., SPX Pension Trust Company Limited, SPX Receivables LLC, SPX Sabik Europe Holdings Limited, SPX Technologies (Pty) Ltd., SPX Thermal Equipment and Services India Private Limited, Sabik Ltd, Sabik Marine, Sabik Oy (Oy Sabik Ab), Sabik OÜ, Sabik Private Limited, Schonstedt Instrument Company LLC, Schonstedt Instrument Company LLC, Sealite, Sealite Asia Pte Ltd., Sealite Europe S.L.U., Sealite Holdings Pty Ltd, Sealite Investments LLC, Sealite Pty Ltd., Sealite USA LLC, Sealite United Kingdom Limited, Seital, Sensors & Software Inc., Sensors & Software Inc., Star2M Pty Ltd, Strobic Air Corporation, TC2 Limited, TCI International Inc., Tecnotest, The Marley Company LLC, The Marley-Wylain Company LLC, Torque Tension Systems Ltd, ULC Business Holdings LLC, ULC Pipeline Robotics LLC, ULC Robotics, ULC Robotics International Inc., ULC Robotics International Limited, ULC Services LLC, ULC Technologies LLC, United Dominion Industries, Vokes Limited, WM Technologies LLC, XCel Erectors Inc., and e&e Verfahrenstechnik.
Read More
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 4/2/2023 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

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About SPX Technologies (NYSE:SPXC) Stock

SPXC Stock News Headlines

SPXC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SPXC Stock - Frequently Asked Questions

Overall MarketRank^™