SPX (NYSE:SPXC) issued an update on its FY 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.170-2.370 for the period, compared to the Thomson Reuters consensus estimate of $3.200. The company issued revenue guidance of $1.25 billion-1.25 billion, compared to the consensus revenue estimate of $1.69 billion.
NYSE:SPXC opened at $60.18 on Friday. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.35. SPX has a 52-week low of $37.20 and a 52-week high of $66.19. The company’s fifty day simple moving average is $61.26. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.43.
SPX (NYSE:SPXC) last issued its quarterly earnings results on Thursday, May 6th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. SPX had a return on equity of 21.62% and a net margin of 6.36%. The firm had revenue of $397.80 million during the quarter, compared to analyst estimates of $392.17 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that SPX will post 3.22 earnings per share for the current year.
SPX Company Profile
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets under the Marley and Recold brands; boilers, comfort heating, and ventilation products for the residential and commercial markets under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brand names; and cooling towers.
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