Colfax Corp (NYSE:CFX) – Equities research analysts at KeyCorp issued their Q1 2019 earnings per share estimates for Colfax in a research report issued to clients and investors on Tuesday, March 12th. KeyCorp analyst J. Hammond expects that the industrial products company will post earnings of $0.64 per share for the quarter. KeyCorp also issued estimates for Colfax’s Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.61 EPS and Q4 2019 earnings at $0.78 EPS.
Get Colfax alerts:Colfax (NYSE:CFX) last released its quarterly earnings data on Wednesday, February 13th. The industrial products company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $985.00 million for the quarter, compared to the consensus estimate of $982.49 million. Colfax had a net margin of 3.82% and a return on equity of 7.79%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share.
A number of other analysts also recently commented on the stock. Zacks Investment Research reissued a “buy” rating and set a $22.00 price objective on shares of Colfax in a report on Monday, December 31st. Oppenheimer reissued a “buy” rating on shares of Colfax in a report on Monday, November 19th. Stifel Nicolaus reissued a “buy” rating and set a $31.00 price objective on shares of Colfax in a report on Wednesday, December 19th. CIBC reissued an “average” rating and set a $20.00 price objective on shares of Colfax in a report on Monday, January 14th. Finally, Raymond James reissued a “buy” rating and set a $25.00 price objective on shares of Colfax in a report on Friday, February 22nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.53.
CFX stock opened at $28.23 on Thursday. The stock has a market cap of $3.33 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.83 and a beta of 1.56. Colfax has a 52 week low of $18.95 and a 52 week high of $37.05. The company has a current ratio of 1.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.34.
A number of institutional investors and hedge funds have recently made changes to their positions in CFX. Macquarie Group Ltd. acquired a new position in Colfax during the fourth quarter worth about $27,000. SG Americas Securities LLC acquired a new position in shares of Colfax in the fourth quarter valued at approximately $112,000. TLP Group LLC raised its position in shares of Colfax by 166,250.0% in the third quarter. TLP Group LLC now owns 3,327 shares of the industrial products company’s stock valued at $120,000 after buying an additional 3,325 shares during the last quarter. Group One Trading L.P. acquired a new position in shares of Colfax in the fourth quarter valued at approximately $121,000. Finally, Citigroup Inc. raised its position in shares of Colfax by 457.7% in the fourth quarter. Citigroup Inc. now owns 8,065 shares of the industrial products company’s stock valued at $168,000 after buying an additional 6,619 shares during the last quarter. Institutional investors own 79.83% of the company’s stock.
In other Colfax news, CEO Matthew L. Trerotola sold 22,553 shares of Colfax stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $21.36, for a total transaction of $481,732.08. Following the completion of the transaction, the chief executive officer now owns 244,193 shares in the company, valued at $5,215,962.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ian Brander sold 4,260 shares of Colfax stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $27.01, for a total transaction of $115,062.60. Following the transaction, the chief executive officer now owns 21,876 shares of the company’s stock, valued at approximately $590,870.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,479 shares of company stock valued at $667,444. 10.20% of the stock is currently owned by company insiders.
Colfax Company Profile
Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.
Featured Story: Bollinger Bands
No comments:
Post a Comment