FY2025 EPS Forecast for SPX Technologies Reduced by Analyst

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Analysts at William Blair dropped their FY2025 EPS estimates for shares of SPX Technologies in a report issued on Sunday, December 8th. William Blair analyst R. Sparenblek now anticipates that the company will post earnings of $6.15 per share for the year, down from their previous estimate of $6.40. The consensus estimate for SPX Technologies' current full-year earnings is $5.56 per share.

A number of other equities analysts have also recently commented on the company. Sidoti cut SPX Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $187.00 to $175.00 in a report on Friday, December 6th. Wolfe Research began coverage on SPX Technologies in a report on Monday, November 25th. They set an "outperform" rating and a $199.00 target price 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 MarketBeat, the company has a consensus rating of "Hold" and an average price target of $164.00.

SPX Technologies Stock Performance

SPXC stock traded up $1.79 during trading hours on Wednesday, reaching $160.83. The stock had a trading volume of 311,543 shares, compared to its average volume of 250,684. The stock has a market capitalization of $7.46 billion, a PE ratio of 43.23, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26. The stock has a 50-day simple moving average of $164.92 and a 200 day simple moving average of $153.72. SPX Technologies has a fifty-two week low of $89.09 and a fifty-two week high of $183.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in SPX Technologies by 188.4% during the third quarter. Franklin Resources Inc. now owns 12,531 shares of the company's stock worth $2,127,000 after acquiring an additional 8,186 shares during the period. Synovus Financial Corp lifted its position in shares of SPX Technologies by 2.1% during the 3rd quarter. Synovus Financial Corp now owns 9,489 shares of the company's stock valued at $1,513,000 after acquiring an additional 199 shares during the period. Tidal Investments LLC lifted its position in SPX Technologies by 6.6% during the third quarter. Tidal Investments LLC now owns 3,026 shares of the company's stock worth $483,000 after purchasing an additional 188 shares during the period. Wilmington Savings Fund Society FSB bought a new position in SPX Technologies in the 3rd quarter valued at about $194,000. Finally, M&T Bank Corp raised its position in shares of SPX Technologies by 0.4% in the 3rd quarter. M&T Bank Corp now owns 37,541 shares of the company's stock valued at $5,986,000 after buying an additional 160 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

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.