Seaport Res Ptn Issues Negative Estimate for SPXC Earnings

SPX Technologies, Inc. (NYSE:SPXC) – Equities researchers at Seaport Res Ptn cut their Q1 2025 EPS estimates for SPX Technologies in a research report issued on Tuesday, December 24th. Seaport Res Ptn analyst W. Liptak now anticipates that the company will post earnings per share of $1.27 for the quarter, down from their previous forecast of $1.34. The consensus estimate for SPX Technologies’ current full-year earnings is $5.56 per share. Seaport Res Ptn also issued estimates for SPX Technologies’ Q3 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $6.16 EPS.

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

Other equities research analysts have also issued research reports about the stock. Sidoti lowered shares of SPX Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $187.00 to $175.00 in a report on Friday, December 6th. Wolfe Research started coverage on SPX Technologies in a report on Monday, November 25th. They issued an “outperform” rating and a $199.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, SPX Technologies presently has a consensus rating of “Hold” and a consensus target price of $164.00.

SPX Technologies Stock Up 0.6 %

Shares of SPXC opened at $146.67 on Wednesday. The firm has a fifty day moving average price of $162.73 and a 200-day moving average price of $154.65. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.80 billion, a P/E ratio of 39.43, a P/E/G ratio of 1.55 and a beta of 1.26. SPX Technologies has a 12-month low of $95.00 and a 12-month high of $183.83.

Hedge Funds Weigh In On SPX Technologies

A number of large investors have recently bought and sold shares of SPXC. Raymond James & Associates increased its holdings in shares of SPX Technologies by 69.9% in the 2nd quarter. Raymond James & Associates now owns 43,786 shares of the company’s stock valued at $6,224,000 after acquiring an additional 18,009 shares during the period. Raymond James Trust N.A. lifted its position in shares of SPX Technologies by 27.6% during the second quarter. Raymond James Trust N.A. now owns 2,736 shares of the company’s stock valued at $389,000 after buying an additional 592 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SPX Technologies by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 397,605 shares of the company’s stock valued at $56,516,000 after buying an additional 8,931 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in shares of SPX Technologies in the 2nd quarter worth approximately $4,236,000. Finally, UMB Bank n.a. raised its stake in shares of SPX Technologies by 965.0% during the 2nd quarter. UMB Bank n.a. now owns 213 shares of the company’s stock worth $30,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

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.