SPX Flow Inc (FLOW) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.03. The company posted revenue of $505.00 million in the period, compared to analysts expectations of $498.72 million. The company’s revenue was down -11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on SPX Flow Inc. Company shares were Upgraded by RBC Capital Mkts on Mar 10, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $15 .Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Underperform” and Lowered the Price Target to $ 15 from a previous price target of $23 .
In a different news, on Feb 29, 2016, Belinda Hyde (VP and CHRO) purchased 1,400 shares at $18.35 per share price. According to the SEC, on Feb 19, 2016, David J. Wilson (Pres., Industrial) purchased 37,000 shares at $16.94 per share price.
SPX FLOW Inc. is a global supplier of engineered flow components process equipment and turnkey systems along with the related aftermarket parts and services. The Company’s product portfolio includes pumps valves mixers filters air dryers hydraulic tools homogenizers separators and heat exchangers along with the related aftermarket parts and services. It operates in three segments: Food and Beverage Power and Energy and Industrial. The Food and Beverage segment products include mixing drying evaporation and separation systems and components heat exchangers and reciprocating and centrifugal pump technologies. The Power and Energy segment primarily serves customers in the oil and gas industry and the nuclear and other conventional power industries. The Industrial segment primarily serves customers in the chemical air treatment mining pharmaceutical marine shipbuilding infrastructure construction automotive and water treatment industries.