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 guidance of 6.000-6.250 for the period, compared to the consensus earnings per share 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.

SPX Technologies Stock Performance

SPXC stock traded down $7.21 on Thursday, hitting $144.00. The company had a trading volume of 459,739 shares, compared to its average volume of 310,388. SPX Technologies has a 12-month low of $112.53 and a 12-month high of $183.83. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $147.09 and its 200 day simple moving average is $155.51. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 1.33 and a beta of 1.29.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SPXC shares. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a research report on Wednesday. UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday. 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 objective for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.75.

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.