SPX Technologies (SPXC) Expected to Announce Earnings on Tuesday

SPX Technologies (NYSE:SPXC) is expected to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect SPX Technologies to post earnings of $1.50 per share and revenue of $532.88 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

SPX Technologies Stock Down 4.4 %

SPX Technologies stock opened at $140.18 on Friday. SPX Technologies has a twelve month low of $103.11 and a twelve month high of $183.83. The stock has a 50 day moving average of $147.75 and a two-hundred day moving average of $155.55. 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 stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.33 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several brokerages 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 cut SPX Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $187.00 to $175.00 in a report on Friday, December 6th. Finally, 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, SPX Technologies has a consensus rating of “Hold” and a consensus price target of $168.50.

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.