SPX Technologies Inc (NYSE: SPXC) has reported earnings for its first fiscal quarter (ending March 31) of $1.07 versus $0.86 for the same period a year ago — an increase of 24%. However, this result fell short of the consensus estimate of $1.14 by $-0.07. For the latest four quarters through March 31, E.P.S. were $3.38 versus $1.01 for the same period a year ago — an increase of 235%.
Recent Price Action
SPX Technologies Inc (NYSE: SPXC) stock rose slightly by 0.1% on 5/2/24. The stock closed at $121.95. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
SPXC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SPX Technologies has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SPX Technologies has a poor Appreciation Score of 23 but a very high Power Rating of 99, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment