Seaport Res Ptn Expects Lower Earnings for SPX Technologies

SPX Technologies, Inc. (NYSE:SPXC) – Equities researchers at Seaport Res Ptn decreased their Q1 2025 earnings estimates for SPX Technologies in a research report issued to clients and investors on Tuesday, December 24th. Seaport Res Ptn analyst W. Liptak now expects that the company will post earnings per share of $1.27 for the quarter, down from their previous estimate of $1.34. The consensus estimate for SPX Technologies’ current full-year earnings is $5.56 per share. Seaport Res Ptn also issued estimates for SPX Technologies’ Q3 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $6.16 EPS.

A number of other equities research analysts also recently weighed in on the stock. Sidoti downgraded shares of SPX Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $187.00 to $175.00 in a research report on Friday, December 6th. Wolfe Research assumed coverage on SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, SPX Technologies currently has a consensus rating of “Hold” and a consensus target price of $164.00.

SPX Technologies Stock Up 0.7 %

Shares of NYSE:SPXC opened at $147.66 on Wednesday. The company’s fifty day moving average is $161.78 and its two-hundred day moving average is $154.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies has a 1-year low of $95.00 and a 1-year high of $183.83. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 1.55 and a beta of 1.26.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Wednesday, October 30th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. During the same quarter last year, the firm earned $1.06 EPS. The business’s revenue was up 7.8% on a year-over-year basis.

Institutional Trading of SPX Technologies

Several large investors have recently added to or reduced their stakes in SPXC. American Century Companies Inc. raised its position in shares of SPX Technologies by 195.2% during the 2nd quarter. American Century Companies Inc. now owns 14,492 shares of the company’s stock worth $2,060,000 after buying an additional 9,582 shares in the last quarter. Victory Capital Management Inc. raised its holdings in SPX Technologies by 15.7% during the second quarter. Victory Capital Management Inc. now owns 73,768 shares of the company’s stock worth $10,485,000 after purchasing an additional 10,010 shares in the last quarter. Dana Investment Advisors Inc. bought a new stake in SPX Technologies during the second quarter worth approximately $855,000. Mutual of America Capital Management LLC boosted its stake in SPX Technologies by 212.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 23,744 shares of the company’s stock valued at $3,786,000 after purchasing an additional 16,145 shares in the last quarter. Finally, Barclays PLC increased its position in shares of SPX Technologies by 299.0% during the 3rd quarter. Barclays PLC now owns 84,567 shares of the company’s stock valued at $13,485,000 after purchasing an additional 63,373 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

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.