SPX Technologies - SPXC Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" SPXC shares.
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1 equities research analysts have issued 12-month price targets for SPX Technologies' shares. Their SPXC share price forecasts range from $82.00 to $82.00. On average, they expect the company's share price to reach $82.00 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
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SPX Technologies' stock was trading at $65.65 at the beginning of the year. Since then, SPXC stock has increased by 1.7% and is now trading at $66.77.
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SPX Technologies saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 385,200 shares, a decline 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 presently 2.3 days. Currently, 0.9% of the shares of the stock are sold short.
View SPX Technologies' Short Interest.

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

SPX Technologies, Inc. (NYSE:SPXC) issued its quarterly earnings data on Thursday, February, 23rd. The company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.19. The company earned $429.30 million during the quarter, compared to analyst estimates of $416 million. SPX Technologies had a net margin of 0.01% and a trailing twelve-month return on equity of 13.14%. The business's revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS.

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).

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.

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 many different retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (9.44%), Earnest Partners LLC (4.84%), Dimensional Fund Advisors LP (2.64%), GW&K Investment Management LLC (2.01%), Geode Capital Management LLC (1.80%) and New York State Common Retirement Fund (1.49%). 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 $66.77.

SPX Technologies (NYSE:SPXC) has a market capitalization of $3.03 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.

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.