SPX Technologies (NYSE:SPXC) Updates FY 2026 Earnings Guidance

SPX Technologies (NYSE:SPXC) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.200-8.600 for the period, compared to the consensus earnings per share estimate of 8.020. The company issued revenue guidance of $2.7 billion-$2.8 billion, compared to the consensus revenue estimate of $2.6 billion.

Wall Street Analysts Forecast Growth

SPXC has been the subject of a number of research analyst reports. Truist Financial lifted their target price on shares of SPX Technologies from $261.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Oppenheimer restated an “outperform” rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SPX Technologies in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wolfe Research reissued an “outperform” rating and issued a $266.00 price objective on shares of SPX Technologies in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, SPX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.

SPX Technologies Trading Up 6.1%

SPXC traded up $11.51 during mid-day trading on Thursday, reaching $199.16. The stock had a trading volume of 728,143 shares, compared to its average volume of 578,740. The stock has a market capitalization of $9.97 billion, a P/E ratio of 38.97, a P/E/G ratio of 1.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The firm’s fifty day simple moving average is $224.50 and its two-hundred day simple moving average is $217.64. SPX Technologies has a 52 week low of $179.17 and a 52 week high of $251.08.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $640.18 million. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, equities analysts predict that SPX Technologies will post 7.98 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPXC. Royal Bank of Canada boosted its stake in shares of SPX Technologies by 8.1% in the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock valued at $4,942,000 after purchasing an additional 2,892 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of SPX Technologies by 74.5% during the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company’s stock worth $2,670,000 after buying an additional 8,854 shares during the last quarter. Millennium Management LLC raised its stake in shares of SPX Technologies by 214.4% during the first quarter. Millennium Management LLC now owns 83,285 shares of the company’s stock worth $10,725,000 after buying an additional 56,799 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in SPX Technologies by 21.8% in the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after buying an additional 112 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in SPX Technologies by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company’s stock valued at $24,742,000 after buying an additional 3,353 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.