SPX Technologies (NYSE:SPXC) Updates 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.

Analysts Set New Price Targets

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

SPX Technologies Stock Performance

Shares of SPXC traded up $2.75 during mid-day trading on Tuesday, hitting $136.31. The stock had a trading volume of 358,580 shares, compared to its average volume of 299,182. SPX Technologies has a fifty-two week low of $107.23 and a fifty-two week high of $183.83. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.32 billion, a PE ratio of 36.64, a PEG ratio of 1.33 and a beta of 1.29. The company’s fifty day simple moving average is $147.29 and its two-hundred day simple moving average is $155.62.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Tuesday, February 25th. The company reported $1.51 earnings per share for the quarter, topping 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%. On average, equities analysts expect that SPX Technologies will post 5.57 earnings per share 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.