News stories about SPX (NYSE:SPXC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SPX earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8112511844403 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Comparing SPX (SPXC) & Parker-Hannifin (PH) (americanbankingnews.com)
- SPX (SPXC) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- SPX Corp (SPXC) CAO Sells $265,525.06 in Stock (americanbankingnews.com)
- ETFs with exposure to SPX Corp. : November 30, 2017 (finance.yahoo.com)
- SPX Cooling Technologies Showcases Latest Cooling Tower and Component Innovations at POWER-GEN International (power-eng.com)
SPXC has been the topic of a number of analyst reports. UBS boosted their price objective on SPX from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered SPX from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet upgraded SPX from a “d+” rating to a “c” rating in a research note on Monday, November 6th. ValuEngine lowered SPX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, BidaskClub upgraded SPX from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $37.00.
SPX (NYSE:SPXC) last announced its earnings results on Thursday, November 2nd. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $348.50 million for the quarter, compared to analyst estimates of $343.12 million. SPX had a positive return on equity of 37.49% and a negative net margin of 3.86%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. equities analysts predict that SPX will post 1.8 earnings per share for the current fiscal year.
In other SPX news, CAO Michael Andrew Reilly sold 3,833 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.59, for a total value of $117,251.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.55% of the stock is owned by corporate insiders.
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SPX Company Profile
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
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