SPX Flow Inc (NYSE:FLOW) VP Jaime Manson Easley sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $48.78, for a total value of $227,558.70. Following the completion of the transaction, the vice president now owns 10,184 shares in the company, valued at $496,775.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of SPX Flow Inc (NYSE FLOW) opened at $53.17 on Friday. The stock has a market capitalization of $2,259.35, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 0.54 and a beta of 2.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.55 and a quick ratio of 1.11. SPX Flow Inc has a 12-month low of $31.10 and a 12-month high of $53.22.
SPX Flow (NYSE:FLOW) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $529.20 million for the quarter, compared to analyst estimates of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. equities research analysts expect that SPX Flow Inc will post 2.47 EPS for the current year.
A number of research analysts recently commented on FLOW shares. UBS Group cut SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 price objective (up from $55.00) on shares of SPX Flow in a report on Tuesday, January 16th. Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $50.00 target price on shares of SPX Flow in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $50.00.
SPX Flow Company Profile
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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