Forgent Power Solutions (NYSE:FPS) Issues FY 2027 Earnings Guidance

Forgent Power Solutions (NYSE:FPS) updated its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.260-1.400 for the period, compared to the consensus EPS estimate of 1.140. The company issued revenue guidance of $2.4 billion-$2.6 billion, compared to the consensus revenue estimate of $2.1 billion.

Forgent Power Solutions Price Performance

Shares of FPS stock opened at $32.33 on Tuesday. Forgent Power Solutions has a 1 year low of $25.95 and a 1 year high of $66.00. The company has a current ratio of 1.64, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $35.89 and its 200-day moving average is $40.21. The firm has a market capitalization of $9.84 billion and a price-to-earnings ratio of 211.08.

Forgent Power Solutions (NYSE:FPS) last issued its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a net margin of 2.17% and a return on equity of 12.14%. The business had revenue of $461.67 million during the quarter. Forgent Power Solutions’s quarterly revenue was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Sell-side analysts forecast that Forgent Power Solutions will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FPS. Weiss Ratings lowered shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. TD Cowen lifted their price objective on Forgent Power Solutions from $63.00 to $73.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Wolfe Research restated an “outperform” rating and set a $60.00 target price on shares of Forgent Power Solutions in a report on Thursday, July 9th. Jefferies Financial Group lifted their price target on shares of Forgent Power Solutions from $44.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Robert W. Baird initiated coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.75.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc develops and manufactures products used in electric power transmission and distribution infrastructure. Its offerings support the generation, transmission, distribution and management of electrical power for utility and industrial applications.

The company’s product portfolio includes equipment and components used in overhead and underground power networks, including electrical connectors, fittings, line hardware and other engineered solutions designed to support the reliability and efficiency of power-delivery systems.

Forgent Power Solutions serves electric utilities, distributors and industrial customers, primarily through markets connected to North American power infrastructure.