Q3 2018 EPS Estimates for Colfax Co. Increased by Analyst (CFX)

Colfax Co. (NYSE:CFX) – Investment analysts at Northcoast Research increased their Q3 2018 earnings per share (EPS) estimates for shares of Colfax in a report issued on Friday, May 4th. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.59. Northcoast Research also issued estimates for Colfax’s Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $2.12 EPS, Q3 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.53 EPS.

Colfax (NYSE:CFX) last issued its earnings results on Thursday, May 3rd. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. Colfax had a net margin of 3.84% and a return on equity of 6.26%. The company had revenue of $881.00 million for the quarter, compared to the consensus estimate of $822.75 million. During the same quarter in the previous year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Several other brokerages also recently commented on CFX. Stifel Nicolaus restated a “buy” rating and issued a $48.00 target price (up previously from $44.00) on shares of Colfax in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, January 9th. Gabelli upgraded shares of Colfax from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. KeyCorp reduced their price target on shares of Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Finally, Robert W. Baird reduced their price target on shares of Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.48.

Shares of NYSE:CFX opened at $31.11 on Monday. Colfax has a 52 week low of $29.02 and a 52 week high of $43.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 1.89. The firm has a market capitalization of $3,836.73, a PE ratio of 17.88, a PEG ratio of 1.02 and a beta of 1.27.

Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. raised its holdings in Colfax by 225.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 3,583 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Colfax by 49.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,264 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 1,731 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Colfax during the 4th quarter worth about $249,000. Ramsey Quantitative Systems bought a new stake in Colfax during the 4th quarter worth about $281,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Colfax during the 4th quarter worth about $343,000. 77.25% of the stock is owned by hedge funds and other institutional investors.

In other Colfax news, SVP A. Lynne Puckett sold 770 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total transaction of $25,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ian Brander sold 1,240 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total value of $41,490.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,175 shares of company stock worth $139,570. 10.20% of the stock is owned by corporate insiders.

Colfax Company Profile

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

Earnings History and Estimates for Colfax (NYSE:CFX)

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