Seaport Res Ptn Issues Negative Outlook for SPXC Earnings

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Analysts at Seaport Res Ptn dropped their Q1 2025 EPS estimates for SPX Technologies in a research report issued to clients and investors on Tuesday, December 24th. Seaport Res Ptn analyst W. Liptak now forecasts that the company will post earnings per share of $1.27 for the quarter, down from their prior estimate of $1.34. The consensus estimate for SPX Technologies' current full-year earnings is $5.56 per share. Seaport Res Ptn also issued estimates for SPX Technologies' Q3 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $6.16 EPS.

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

Other equities research analysts also recently issued research reports about the stock. Sidoti downgraded shares of SPX Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the company from $187.00 to $175.00 in a research note on Friday, December 6th. Wolfe Research started coverage on SPX Technologies in a research note on Monday, November 25th. They set an "outperform" rating and a $199.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $164.00.

SPX Technologies Trading Up 0.6 %

Shares of SPXC stock traded up $0.94 on Wednesday, reaching $146.67. The company had a trading volume of 73,602 shares, compared to its average volume of 252,118. The stock has a market cap of $6.80 billion, a PE ratio of 39.43, a PEG ratio of 1.55 and a beta of 1.26. The company has a 50-day moving average of $162.28 and a 200-day moving average of $154.74. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. SPX Technologies has a 12 month low of $95.00 and a 12 month high of $183.83.

Institutional Trading of SPX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SPXC. Principal Financial Group Inc. boosted its position in SPX Technologies by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 547,961 shares of the company's stock worth $87,378,000 after acquiring an additional 27,545 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of SPX Technologies by 188.4% in the third quarter. Franklin Resources Inc. now owns 12,531 shares of the company's stock worth $2,127,000 after purchasing an additional 8,186 shares in the last quarter. Synovus Financial Corp boosted its holdings in SPX Technologies by 2.1% during the third quarter. Synovus Financial Corp now owns 9,489 shares of the company's stock worth $1,513,000 after purchasing an additional 199 shares during the last quarter. Tidal Investments LLC grew its position in SPX Technologies by 6.6% in the third quarter. Tidal Investments LLC now owns 3,026 shares of the company's stock valued at $483,000 after purchasing an additional 188 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in SPX Technologies in the 3rd quarter valued at $194,000. Institutional investors and hedge funds own 92.82% of the company's stock.

About SPX Technologies

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.