According to Zacks, “SPX FLOW, Inc. is a supplier of engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services. The Company’s operating segment consists of Food and Beverage, Power and Energy and Industrial. Food and Beverage segment offers mixing, drying, evaporation and separation systems and components, heat exchangers and reciprocating and centrifugal pump technologies. Power and Energy segment primarily serves oil and gas industry and nuclear and other conventional power industries. Industrial segment primarily serves chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, automotive and water treatment industries. SPX FLOW, Inc. is based in Charlotte, North Carolina. “
SPX Flow (NYSE:FLOW) traded down 2.85% on Tuesday, reaching $25.53. 875,049 shares of the company’s stock traded hands. The firm’s market capitalization is $1.07 billion. The firm’s 50 day moving average price is $28.84 and its 200 day moving average price is $28.20. SPX Flow has a 52-week low of $14.85 and a 52-week high of $37.97.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The firm had revenue of $528.80 million for the quarter, compared to analyst estimates of $64.15 million. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. On average, analysts predict that SPX Flow will post $0.15 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. PineBridge Investments L.P. raised its position in shares of SPX Flow by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,287 shares of the company’s stock worth $138,000 after buying an additional 200 shares during the last quarter. Invictus RG bought a new position in shares of SPX Flow during the second quarter worth about $147,000. Teacher Retirement System of Texas raised its position in shares of SPX Flow by 27.1% in the second quarter. Teacher Retirement System of Texas now owns 5,805 shares of the company’s stock worth $151,000 after buying an additional 1,238 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of SPX Flow during the third quarter worth about $152,000. Finally, AXA bought a new position in shares of SPX Flow during the second quarter worth about $177,000. Institutional investors own 83.39% of the company’s stock.
About SPX Flow
SPX FLOW, Inc is a global supplier of engineered solutions. The Company engineers, designs, manufactures and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems and components, as well as aftermarket components and support services.
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