SPX Technologies (NYSE:SPXC) Updates FY 2025 Earnings Guidance

SPX Technologies (NYSE:SPXC - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 6.000-6.250 for the period, compared to the consensus EPS estimate of 6.110. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SPXC. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday. Wolfe Research began coverage on SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 price target on the stock. Oppenheimer raised SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research note on Wednesday. Finally, UBS Group dropped their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, SPX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $174.75.

SPX Technologies Stock Up 1.1 %

Shares of NYSE SPXC traded up $1.61 during midday trading on Friday, hitting $145.55. 574,180 shares of the stock traded hands, compared to its average volume of 317,151. The company has a market cap of $6.75 billion, a PE ratio of 39.13, a P/E/G ratio of 1.33 and a beta of 1.29. SPX Technologies has a one year low of $112.53 and a one year high of $183.83. The business has a 50 day moving average price of $147.15 and a two-hundred day moving average price of $155.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

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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.