SPX Technologies (NYSE:SPXC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

SPX Technologies (NYSE:SPXC - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01, Zacks reports. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The business had revenue of $533.70 million during the quarter, compared to analyst estimates of $532.88 million. SPX Technologies updated its FY 2025 guidance to 6.000-6.250 EPS.

SPX Technologies Stock Performance

Shares of NYSE SPXC traded up $1.61 during midday trading on Friday, reaching $145.55. The company had a trading volume of 574,180 shares, compared to its average volume of 317,151. The stock has a market cap of $6.75 billion, a P/E ratio of 39.13, a P/E/G ratio of 1.33 and a beta of 1.29. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The business's 50-day simple moving average is $147.15 and its 200 day simple moving average is $155.45. SPX Technologies has a 1 year low of $112.53 and a 1 year high of $183.83.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPXC shares. Wolfe Research started coverage on shares of SPX Technologies in a research report on Monday, November 25th. They set an "outperform" rating and a $199.00 target price for the company. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a report on Wednesday. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday. Finally, UBS Group decreased their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $174.75.

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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.