Q4 EPS Forecast for SPX Technologies Decreased by Analyst

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Equities researchers at Seaport Res Ptn reduced their Q4 2024 EPS estimates for SPX Technologies in a research note issued on Thursday, October 31st. Seaport Res Ptn analyst W. Liptak now anticipates that the company will earn $1.44 per share for the quarter, down from their previous forecast of $1.49. The consensus estimate for SPX Technologies' current full-year earnings is $5.56 per share. Seaport Res Ptn also issued estimates for SPX Technologies' Q1 2025 earnings at $1.34 EPS, Q2 2025 earnings at $1.49 EPS and FY2025 earnings at $6.11 EPS.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The firm had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. During the same quarter last year, the business posted $1.06 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis.

Separately, Oppenheimer lowered SPX Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 18th.

SPX Technologies Stock Performance

Shares of SPXC traded up $2.72 on Monday, reaching $147.92. 270,701 shares of the company's stock traded hands, compared to its average volume of 249,299. The stock's 50 day simple moving average is $157.55 and its two-hundred day simple moving average is $147.09. The company has a current ratio of 1.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.49. SPX Technologies has a 52-week low of $81.43 and a 52-week high of $173.30. The stock has a market cap of $6.85 billion, a PE ratio of 39.76, a PEG ratio of 1.43 and a beta of 1.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Assetmark Inc. grew its stake in SPX Technologies by 4.7% in the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company's stock valued at $278,000 after buying an additional 78 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of SPX Technologies by 4.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,538 shares of the company's stock valued at $503,000 after purchasing an additional 146 shares during the period. Fifth Third Bancorp lifted its holdings in SPX Technologies by 3.8% during the 2nd quarter. Fifth Third Bancorp now owns 4,698 shares of the company's stock worth $668,000 after purchasing an additional 174 shares in the last quarter. V Square Quantitative Management LLC bought a new position in SPX Technologies in the 3rd quarter worth about $28,000. Finally, Xponance Inc. increased its position in shares of SPX Technologies by 7.1% during the second quarter. Xponance Inc. now owns 2,864 shares of the company's stock valued at $407,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 92.82% of the company's stock.

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.