SPX Technologies (SPXC) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last year. There are currently 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.

2 analysts have issued 12 month price objectives for SPX Technologies' stock. Their SPXC share price forecasts range from $85.00 to $85.00. On average, they predict the company's stock price to reach $85.00 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
View analysts price targets for SPXC or view top-rated stocks among Wall Street analysts.

SPX Technologies' stock was trading at $65.65 on January 1st, 2023. Since then, SPXC stock has increased by 25.1% and is now trading at $82.10.
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SPX Technologies saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 403,400 shares, an increase of 13.8% from the April 15th total of 354,600 shares. Based on an average daily volume of 228,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.9% of the company's stock are sold short.
View SPX Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SPXC earnings forecast.

SPX Technologies, Inc. (NYSE:SPXC) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.60 by $0.33. The firm earned $399.80 million during the quarter, compared to analyst estimates of $329.78 million. SPX Technologies had a net margin of 2.03% and a trailing twelve-month return on equity of 15.33%. SPX Technologies's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share.

ETFs with the largest weight of SPX Technologies (NYSE:SPXC) stock in their portfolio include First Trust RBA American Industrial Renaissance 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), SPDR S&P SmallCap 600 ESG ETF (ESIX), Xtrackers S&P SmallCap 600 ESG ETF (SMLE) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

SPX Technologies updated its FY23 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $3.80-$3.95 for the period, compared to the consensus earnings per share estimate of $3.49. The company issued revenue guidance of $1.61-$1.65 billion, compared to the consensus revenue estimate of $1.52 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.57%), State Street Corp (3.66%), Ameriprise Financial Inc. (3.06%), Dimensional Fund Advisors LP (2.64%), FMR LLC (2.29%) and GW&K Investment Management LLC (2.26%). Insiders that own company stock include Brian G Mason, J Randall Data, 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 $82.10.

SPX Technologies (NYSE:SPXC) has a market capitalization of $3.74 billion and generates $1.46 billion in revenue each year. The company earns $200,000.00 in net income (profit) each year or $0.67 on an earnings per share basis.

The company employs 3,300 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 (980) 474-3700, via email at spx.investor@spx.com, or via fax at 302-655-5049.