SPX Technologies (NYSE:SPXC) Issues FY 2025 Earnings Guidance

SPX Technologies (NYSE:SPXC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.000-6.250 for the period, compared to the consensus estimate of 6.110. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wolfe Research initiated coverage on shares of SPX Technologies in a research report on Monday, November 25th. They issued an “outperform” rating and a $199.00 price objective for the company. UBS Group cut their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Sidoti lowered shares of SPX Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $187.00 to $175.00 in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $168.50.

SPX Technologies Stock Performance

NYSE:SPXC traded up $2.75 during trading hours on Tuesday, reaching $136.31. The company had a trading volume of 358,580 shares, compared to its average volume of 299,183. The firm has a market cap of $6.32 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. SPX Technologies has a 1-year low of $107.23 and a 1-year high of $183.83. The business’s 50 day moving average price is $147.29 and its 200-day moving average price is $155.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. Research analysts forecast that SPX Technologies will post 5.57 EPS for the current year.

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.