SPX Technologies (SPXC) to Release Quarterly Earnings on Tuesday

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

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $140.18 on Monday. The firm’s 50-day moving average price is $147.75 and its 200-day moving average price is $155.72. SPX Technologies has a 1-year low of $103.11 and a 1-year high of $183.83. The firm has a market capitalization of $6.50 billion, a P/E ratio of 37.68, a P/E/G ratio of 1.33 and a beta of 1.29. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

SPXC has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of SPX Technologies in a research report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price for the company. UBS Group decreased their target price on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Sidoti downgraded shares of SPX Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $187.00 to $175.00 in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.