SPX Technologies (NYSE:SPXC – Get Free Report) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect SPX Technologies to post earnings of $1.07 per share for the quarter. SPX Technologies has set its FY24 guidance at $4.85-5.15 EPS and its FY 2024 guidance at 4.850-5.150 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
SPX Technologies (NYSE:SPXC – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.25. SPX Technologies had a return on equity of 17.30% and a net margin of 5.16%. The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $481.98 million. During the same period in the previous year, the business posted $1.17 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect SPX Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
SPX Technologies Stock Performance
SPX Technologies stock opened at $119.88 on Thursday. The stock has a 50-day simple moving average of $117.15 and a 200 day simple moving average of $101.07. The company has a quick ratio of 1.08, a current ratio of 1.77 and a debt-to-equity ratio of 0.44. SPX Technologies has a 12-month low of $61.09 and a 12-month high of $124.81. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 62.44, a P/E/G ratio of 1.29 and a beta of 1.25.
Insider Transactions at SPX Technologies
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. StockNews.com lowered SPX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. UBS Group boosted their price objective on SPX Technologies from $90.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $134.00 price objective (up from $124.00) on shares of SPX Technologies in a research report on Thursday, March 28th.
Read Our Latest Analysis on SPXC
SPX Technologies Company Profile
SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.
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