Seaport Res Ptn Issues Pessimistic Outlook for SPXC Earnings

SPX Technologies, Inc. (NYSE:SPXC) – Seaport Res Ptn cut their Q1 2025 earnings per share estimates for SPX Technologies in a report issued on Wednesday, February 26th. Seaport Res Ptn analyst W. Liptak now forecasts that the company will post earnings of $1.19 per share for the quarter, down from their prior forecast of $1.27. The consensus estimate for SPX Technologies’ current full-year earnings is $5.57 per share. Seaport Res Ptn also issued estimates for SPX Technologies’ Q3 2025 earnings at $1.58 EPS, Q1 2026 earnings at $1.38 EPS, Q2 2026 earnings at $1.71 EPS, Q3 2026 earnings at $1.76 EPS, Q4 2026 earnings at $2.02 EPS and FY2026 earnings at $6.87 EPS.

Several other brokerages have also recently issued reports on SPXC. UBS Group reduced their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday. Wolfe Research began coverage on SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 price objective for the company. Finally, Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $144.00 on Thursday. The stock has a fifty day moving average price of $147.11 and a 200 day moving average price of $155.43. The stock has a market cap of $6.68 billion, a PE ratio of 38.71, a P/E/G ratio of 1.33 and a beta of 1.29. SPX Technologies has a 1 year low of $112.53 and a 1 year high of $183.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

Hedge Funds Weigh In On SPX Technologies

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after acquiring an additional 90 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of SPX Technologies in the fourth quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of SPX Technologies by 2,055.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock valued at $28,000 after purchasing an additional 185 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of SPX Technologies by 377.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company’s stock valued at $29,000 after purchasing an additional 151 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of SPX Technologies in the fourth quarter valued at $57,000. 92.82% of the stock is owned by institutional investors and hedge funds.

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.