William Blair Boosts Earnings Estimates for SPX Technologies

SPX Technologies, Inc. (NYSE:SPXC) – Research analysts at William Blair lifted their FY2025 earnings per share (EPS) estimates for SPX Technologies in a report issued on Friday, October 31st. William Blair analyst R. Sparenblek now anticipates that the company will post earnings per share of $6.80 for the year, up from their previous forecast of $6.60. The consensus estimate for SPX Technologies’ current full-year earnings is $5.57 per share. William Blair also issued estimates for SPX Technologies’ Q4 2025 earnings at $1.92 EPS, Q2 2026 earnings at $1.82 EPS, Q3 2026 earnings at $1.97 EPS and FY2026 earnings at $7.60 EPS.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.60 by $0.24. The business had revenue of $592.80 million during the quarter, compared to analyst estimates of $574.32 million. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $1.39 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS.

Other research analysts have also issued reports about the company. Wells Fargo & Company started coverage on SPX Technologies in a report on Tuesday, October 14th. They issued an “overweight” rating and a $205.00 target price for the company. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Oppenheimer lifted their target price on SPX Technologies from $170.00 to $197.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Bank of America assumed coverage on SPX Technologies in a report on Wednesday, October 8th. They issued a “neutral” rating and a $202.00 target price for the company. Finally, Truist Financial started coverage on SPX Technologies in a research note on Monday, October 20th. They issued a “hold” rating and a $209.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.75.

SPX Technologies Trading Down 0.6%

NYSE:SPXC opened at $213.93 on Monday. The firm has a market cap of $10.00 billion, a PE ratio of 48.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37. The stock has a fifty day moving average price of $189.75 and a 200 day moving average price of $174.10. SPX Technologies has a 12-month low of $115.00 and a 12-month high of $233.71. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of SPX Technologies during the first quarter worth about $88,852,000. Norges Bank acquired a new position in SPX Technologies in the 2nd quarter valued at about $97,223,000. Champlain Investment Partners LLC acquired a new position in SPX Technologies in the 1st quarter valued at about $52,699,000. Van Berkom & Associates Inc. increased its position in SPX Technologies by 3,195.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 368,024 shares of the company’s stock valued at $47,394,000 after acquiring an additional 356,858 shares during the period. Finally, AustralianSuper Pty Ltd acquired a new position in SPX Technologies in the 3rd quarter valued at about $41,092,000. 92.82% of the stock is 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.