SPX Flow Inc. (NYSE:FLOW) is scheduled to announce its Q316 earnings results on Wednesday, November 2nd. SPX Flow has set its FY16 guidance at $1.85-2.05 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. SPX Flow had a positive return on equity of 8.26% and a negative net margin of 16.41%. The business earned $528.80 million during the quarter, compared to analyst estimates of $64.15 million. During the same quarter last year, the company posted $1.15 EPS. SPX Flow’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, analysts expect SPX Flow to post $1.47 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
SPX Flow Inc. (NYSE:FLOW) opened at 25.59 on Monday. The firm’s market cap is $1.07 billion. The company has a 50 day moving average price of $28.16 and a 200-day moving average price of $28.25. SPX Flow Inc. has a 52-week low of $14.85 and a 52-week high of $36.41.
Several large investors have recently made changes to their positions in the company. BlackRock Advisors LLC boosted its stake in shares of SPX Flow by 0.4% in the second quarter. BlackRock Advisors LLC now owns 19,519 shares of the company’s stock worth $509,000 after buying an additional 75 shares during the period. Arizona State Retirement System boosted its stake in shares of SPX Flow by 0.9% in the second quarter. Arizona State Retirement System now owns 21,600 shares of the company’s stock worth $563,000 after buying an additional 200 shares during the period. US Bancorp DE boosted its stake in shares of SPX Flow by 11.1% in the second quarter. US Bancorp DE now owns 7,468 shares of the company’s stock worth $194,000 after buying an additional 746 shares during the period. Profund Advisors LLC boosted its stake in shares of SPX Flow by 17.9% in the second quarter. Profund Advisors LLC now owns 13,969 shares of the company’s stock worth $364,000 after buying an additional 2,122 shares during the period. Finally, Invictus RG bought a new stake in shares of SPX Flow during the second quarter worth approximately $147,000. 83.23% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have issued reports on FLOW shares. Zacks Investment Research downgraded SPX Flow from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective (down previously from $39.00) on shares of SPX Flow in a research report on Friday, October 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.75.
SPX Flow Company Profile