Oppenheimer analyst Bryan Blair downgrades SPX Techs (NYSE:SPXC) from Outperform to Perform.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/18/2024 | Outperform → Perform | Oppenheimer | |
| 7/5/2023 | $80.00 → $90.00 | Buy → Neutral | UBS |
| 4/17/2023 | $80.00 | Outperform | William Blair |
| 11/4/2021 | Outperform → Market Perform | William Blair | |
| 8/6/2021 | $72.00 → $74.00 | Outperform | Oppenheimer |
Oppenheimer downgraded SPX Technologies from Outperform to Perform
UBS downgraded SPX Corp from Buy to Neutral and set a new price target of $90.00 from $80.00 previously
William Blair resumed coverage of SPX Corp with a rating of Outperform and set a new price target of $80.00
Q3 GAAP EPS of $1.08; Adjusted EPS* of $1.39Significant Margin Expansion in Both HVAC and Detection & Measurement SegmentsWell-Positioned to Achieve Full-Year 2024 Guidance CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the third quarter ended September 28, 2024. Gene Lowe, President and CEO, remarked, "I am pleased with our Q3 financial results, which include solid growth in company revenue and substantial margin expansion in both our HVAC and Detection & Measurement segments." Mr. Lowe continued, "We continue to make significant progress on our sustainability initiative, inclu
CHARLOTTE, N.C., Oct. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the third quarter of fiscal year 2024 after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Wednesday, October 30, 2024, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will be available in the
CHARLOTTE, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that its seventh annual sustainability report with data covering 2023 is available on the company's website at (https://www.spx.com/our-company/sustainability-reporting/). Gene Lowe, President and CEO of SPX Technologies commented, "I am pleased to present our latest sustainability report, sharing another year of progress. Sustainability is a key component of our value creation framework, and is embedded into our business system and strategic planning process. Over the past year, we have made considerable progress on our key sustainability initiatives, including the introduction of sever
4 - SPX Technologies, Inc. (0000088205) (Issuer)
4 - SPX Technologies, Inc. (0000088205) (Issuer)
3 - SPX Technologies, Inc. (0000088205) (Issuer)
SC 13G/A - SPX Technologies, Inc. (0000088205) (Subject)
SC 13G - SPX Technologies, Inc. (0000088205) (Subject)
SC 13G - SPX Technologies, Inc. (0000088205) (Subject)
8-K - SPX Technologies, Inc. (0000088205) (Filer)
8-K - SPX Technologies, Inc. (0000088205) (Filer)
8-K - SPX Technologies, Inc. (0000088205) (Filer)
CHARLOTTE, N.C., Sept. 26, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company"), is pleased to announce the appointment of Jennifer Carpenter as its new Chief Human Resources Officer (CHRO), effective September 30, 2024. She succeeds Tausha White, who earlier this year announced her decision to retire. Ms. Carpenter joins SPX with an extensive background of human resources and leadership experience. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Jennifer to the SPX Technologies team. Her expertise at developing strong business partnerships, building talent and organizational capabilities and empowering employees is an excellent fi
CHARLOTTE, N.C., June 10, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company), is pleased to announce the appointment of Cherée Johnson as its new Chief Legal Officer and Secretary, effective June 10, 2024. She succeeds John W. Nurkin, who earlier this year announced his decision to retire. Ms. Johnson joins SPX with a diverse background of global operations and legal experience across multiple industries. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Cherée to the SPX Technologies team. Her extensive legal and executive leadership expertise is an excellent fit with SPX's growth and operational initiatives, including M&A, sust
CHARLOTTE, N.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. ("SPX Technologies," or "SPX") (NYSE:SPXC) today announced the appointment of Mark A. Carano as Vice President, Chief Financial Officer and Treasurer, effective January 3, 2023. Mr. Carano joins SPX Technologies with extensive executive experience in finance, accounting, strategy, and business development, including senior leadership roles in public companies. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Mark to the SPX Technologies team. His impressive track record as a public-company CFO, and his strong background in engineered products and growth investments are an excellent fit with S
Oppenheimer analyst Bryan Blair downgrades SPX Techs (NYSE:SPXC) from Outperform to Perform.
SPX Techs's (NYSE:SPXC) short percent of float has risen 19.73% since its last report. The company recently reported that it has 575 thousand shares sold short, which is 1.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.26 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Q3 GAAP EPS of $1.08; Adjusted EPS* of $1.39Significant Margin Expansion in Both HVAC and Detection & Measurement SegmentsWell-Positioned to Achieve Full-Year 2024 Guidance CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the third quarter ended September 28, 2024. Gene Lowe, President and CEO, remarked, "I am pleased with our Q3 financial results, which include solid growth in company revenue and substantial margin expansion in both our HVAC and Detection & Measurement segments." Mr. Lowe continued, "We continue to make significant progress on our sustainability initiative, inclu
CHARLOTTE, N.C., Oct. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the third quarter of fiscal year 2024 after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Wednesday, October 30, 2024, at 4:45 p.m. (Eastern Time). Webcast and slides: The call will be simultaneously webcast and the slides will be available in the
Q2 GAAP EPS of $0.96; Adjusted EPS* of $1.42Raising Full-Year 2024 Adjusted EPS* Guidance to Range of $5.45-$5.60 CHARLOTTE, N.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the second quarter ended June 29, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q2 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally." Mr. Lowe continued, "During Q2, we made s