Wall Street analysts expect that Colfax Co. (NYSE:CFX) will announce earnings of $0.53 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Colfax’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.50. Colfax reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.3%. The business is scheduled to announce its next earnings results on Friday, July 27th.
On average, analysts expect that Colfax will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.20. For the next financial year, analysts forecast that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.18 to $2.44. Zacks’ EPS averages are an average based on a survey of analysts that cover Colfax.
Colfax (NYSE:CFX) last released its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. Colfax had a return on equity of 6.13% and a net margin of 3.84%. The company had revenue of $881.00 million during the quarter, compared to the consensus estimate of $822.75 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year.
Several research analysts have recently issued reports on CFX shares. Robert W. Baird reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Colfax in a research note on Wednesday, April 4th. Argus reaffirmed a “buy” rating and issued a $33.36 price objective (down previously from $40.00) on shares of Colfax in a research note on Thursday, February 22nd. Stifel Nicolaus lowered their price objective on Colfax from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Oppenheimer reaffirmed a “hold” rating on shares of Colfax in a research note on Thursday, May 3rd. Finally, Zacks Investment Research downgraded Colfax from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.82.
Shares of Colfax stock traded up $0.12 on Wednesday, hitting $30.32. The stock had a trading volume of 789,282 shares, compared to its average volume of 807,050. Colfax has a twelve month low of $28.80 and a twelve month high of $43.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.52. The company has a market capitalization of $3.82 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.30 and a beta of 1.24.
In other Colfax news, insider Shyam Kambeyanda sold 873 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $32.48, for a total transaction of $28,355.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. boosted its holdings in shares of 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 buying an additional 3,583 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 buying an additional 1,731 shares in the last quarter. TLP Group LLC bought a new position in shares of Colfax during the 1st quarter worth approximately $186,000. Ramsey Quantitative Systems bought a new position in shares of Colfax during the 4th quarter worth approximately $281,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Colfax during the 4th quarter worth approximately $343,000. Hedge funds and other institutional investors own 77.00% of the company’s stock.
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.
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