SPX Technologies (SPXC) Expected to Announce Earnings on Tuesday

SPX Technologies (NYSE:SPXC - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.50 per share and revenue of $532.88 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

SPX Technologies Stock Down 4.4 %

NYSE:SPXC traded down $6.49 on Friday, hitting $140.18. 315,781 shares of the company's stock traded hands, compared to its average volume of 288,647. 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 1 year low of $103.11 and a 1 year high of $183.83. The firm has a 50-day moving average price of $148.06 and a 200-day moving average price of $155.56. The company has a market cap of $6.50 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29.

Wall Street Analysts Forecast Growth

SPXC has been the topic of several research analyst reports. Wolfe Research initiated coverage on SPX Technologies in a research note on Monday, November 25th. They set an "outperform" rating and a $199.00 target price on the stock. UBS Group lowered their target price 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. Finally, Sidoti cut 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $168.50.

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.