SPX FLOW, Inc. (NYSE:FLOW) – Analysts at Seaport Res Ptn increased their Q3 2021 earnings per share estimates for SPX FLOW in a research note issued on Sunday, July 18th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $0.62 per share for the quarter, up from their prior estimate of $0.61. Seaport Res Ptn also issued estimates for SPX FLOW’s Q3 2022 earnings at $0.76 EPS.
SPX FLOW (NYSE:FLOW) last announced its earnings results on Wednesday, May 5th. The industrial products company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.26. SPX FLOW had a return on equity of 7.75% and a net margin of 2.09%. The business had revenue of $363.80 million during the quarter, compared to the consensus estimate of $342.62 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s quarterly revenue was up 25.7% on a year-over-year basis.
NYSE:FLOW opened at $76.84 on Wednesday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 108.23, a P/E/G ratio of 0.93 and a beta of 1.79. The company has a current ratio of 1.80, a quick ratio of 1.37 and a debt-to-equity ratio of 0.38. SPX FLOW has a twelve month low of $38.08 and a twelve month high of $80.62. The stock has a 50-day simple moving average of $66.46.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 14th. Investors of record on Wednesday, June 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Tuesday, June 29th. SPX FLOW’s dividend payout ratio is currently 24.49%.
A number of hedge funds have recently modified their holdings of FLOW. FMR LLC raised its stake in shares of SPX FLOW by 1.4% during the 1st quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock worth $32,051,000 after buying an additional 13,672 shares during the last quarter. First Trust Advisors LP grew its holdings in SPX FLOW by 307.0% during the 1st quarter. First Trust Advisors LP now owns 41,803 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 31,532 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of SPX FLOW by 56.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 438,370 shares of the industrial products company’s stock worth $13,984,000 after acquiring an additional 157,943 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in SPX FLOW by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 75,573 shares of the industrial products company’s stock valued at $4,380,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of SPX FLOW during the fourth quarter valued at approximately $225,000. 93.23% of the stock is owned by hedge funds and other institutional investors.
About SPX FLOW
SPX FLOW, Inc, together with its subsidiaries, designs, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Food and Beverage; and Industrial. The Food and Beverage segment offers homogenizers, pumps, valves, separators, and heat exchangers primarily under the APV, Gerstenberg Schroeder, Seital, and Waukesha Cherry-Burrell brands.
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