Jefferies Financial Group Comments on Spirax-Sarco Engineering plc’s FY2019 Earnings (OTCMKTS:SPXSF)

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) – Equities researchers at Jefferies Financial Group dropped their FY2019 earnings per share estimates for shares of Spirax-Sarco Engineering in a research report issued to clients and investors on Tuesday, August 27th, according to Zacks Investment Research. Jefferies Financial Group analyst A. Douglas now anticipates that the company will post earnings of $3.15 per share for the year, down from their prior estimate of $3.26. Jefferies Financial Group also issued estimates for Spirax-Sarco Engineering’s FY2020 earnings at $3.38 EPS and FY2021 earnings at $3.57 EPS.

Separately, Zacks Investment Research cut Spirax-Sarco Engineering from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of SPXSF opened at $98.40 on Friday. Spirax-Sarco Engineering has a 12-month low of $74.80 and a 12-month high of $115.40. The business has a 50-day simple moving average of $105.70 and a two-hundred day simple moving average of $102.79.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilising, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

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