SPX Technologies - SPXC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last year. There are currently 1 buy rating 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.

1 brokerages have issued 1 year price objectives for SPX Technologies' stock. Their SPXC share price forecasts range from $72.00 to $72.00. On average, they predict the company's share price to reach $72.00 in the next year. This suggests that the stock has a possible downside of 6.1%.
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 shares have increased by 16.8% and is now trading at $76.71.
View the best growth stocks for 2023 here.

SPX Technologies saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 434,200 shares, a drop of 14.5% from the December 31st total of 507,800 shares. Based on an average daily volume of 185,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.0% of the company's shares are sold short.
View SPX Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SPXC earnings forecast.

SPX Technologies will be holding an earnings conference call on Thursday, February 23rd at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link.

SPX Technologies, Inc. (NYSE:SPXC) released its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.41 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 analyst estimates of $297.85 million. SPX Technologies had a net margin of 2.45% and a trailing twelve-month return on equity of 11.87%. During the same quarter in the prior year, the company posted $0.64 EPS.

SPX Technologies issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $2.85-$2.95 for the period, compared to the consensus earnings per share estimate of $2.82. The company issued revenue guidance of $1.43 billion-$1.47 billion, compared to the consensus revenue estimate of $1.43 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 number of retail and institutional investors. Top institutional shareholders include New York State Common Retirement Fund (1.49%), Allspring Global Investments Holdings LLC (1.11%), Wedge Capital Management L L P NC (0.47%), Peregrine Capital Management LLC (0.41%), Comerica Bank (0.20%) and Assenagon Asset Management S.A. (0.08%). Insiders that own company stock include Brian G Mason, John Webster Nurkin, John William Swann III, Michael Andrew Reilly, Natausha Heleena White and Scott William Sproule.
View institutional ownership trends.

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 $76.71.

SPX Technologies (NYSE:SPXC) has a market capitalization of $3.47 billion and generates $1.22 billion in revenue each year. The company earns $425.40 million in net income (profit) each year or $0.74 on an earnings per share basis.

The company employs 3,100 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 (704) 752-4400, via email at spx.investor@spx.com, or via fax at 302-655-5049.