William Blair Expects Reduced Earnings for SPX Technologies

SPX Technologies, Inc. (NYSE:SPXC) – Equities research analysts at William Blair cut their FY2025 EPS estimates for SPX Technologies in a note issued to investors on Sunday, December 8th. William Blair analyst R. Sparenblek now expects that the company will post earnings of $6.15 per share for the year, down from their prior estimate of $6.40. The consensus estimate for SPX Technologies’ current full-year earnings is $5.56 per share.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $483.70 million for the quarter, compared to analyst estimates of $501.02 million. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. SPX Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS.

A number of other research analysts have also recently weighed in on the stock. Sidoti cut shares of SPX Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $187.00 to $175.00 in a research report on Friday, December 6th. Wolfe Research began coverage on shares of SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $164.00.

SPX Technologies Stock Performance

NYSE SPXC opened at $158.20 on Wednesday. The business’s 50-day simple moving average is $164.96 and its 200-day simple moving average is $153.87. The firm has a market capitalization of $7.33 billion, a P/E ratio of 42.50, a P/E/G ratio of 1.59 and a beta of 1.26. SPX Technologies has a 1-year low of $90.28 and a 1-year high of $183.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

Institutional Trading of SPX Technologies

Hedge funds have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new stake in SPX Technologies in the 2nd quarter valued at approximately $28,000. Canada Pension Plan Investment Board acquired a new position in shares of SPX Technologies during the second quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of SPX Technologies during the third quarter valued at about $28,000. UMB Bank n.a. lifted its holdings in SPX Technologies by 965.0% in the second quarter. UMB Bank n.a. now owns 213 shares of the company’s stock worth $30,000 after purchasing an additional 193 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in SPX Technologies in the 3rd quarter valued at about $44,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Company Profile

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.