SPX Technologies (SPXC) Scheduled to Post Earnings on Wednesday

SPX Technologies (NYSE:SPXC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect SPX Technologies to post earnings of $1.38 per share for the quarter. SPX Technologies has set its FY24 guidance at $5.45-5.60 EPS and its FY 2024 guidance at 5.450-5.600 EPS.Investors interested in participating in the company’s conference call can do so using this link.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.17. The company had revenue of $501.30 million for the quarter, compared to analyst estimates of $492.08 million. SPX Technologies had a net margin of 5.53% and a return on equity of 19.20%. SPX Technologies’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, analysts expect SPX Technologies to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

SPX Technologies Stock Down 1.5 %

Shares of SPXC stock opened at $158.31 on Wednesday. SPX Technologies has a 52-week low of $77.90 and a 52-week high of $173.30. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 71.31, a PEG ratio of 1.65 and a beta of 1.21. The firm’s 50-day moving average is $157.55 and its 200-day moving average is $144.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.28.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lowered SPX Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 18th.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.