Home Sectors Industrials Buy or Sell: SPX Corporation (NYSE: SPXC)

Buy or Sell: SPX Corporation (NYSE: SPXC)

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SPX Corporation is part of the industrial products industry and is in the industrials sector. The company CEO is Eugene Joseph Lowe. SPX Corp is an industrial goods supplier. It offers miscellaneous products to the food and beverage, oil and gas and energy companies.

Previous Intraday Trading Performance:

The SPXC stock showed a previous change of 1.99% with an open at 31.77 and a close of 32.22. It reached an intraday high of 32.24 and a low of 31.77.

SeekingAlpha:  SPX Corporation (SPXC) CEO Gene Lowe on Q1 2019 Results – Earnings Call Transcript

Liquidity:

The stock has a market cap of $1.4b with 43.9m shares outstanding, of which the float is 40.6m shares. Trading volume reached 113,056 shares compared to its average volume of 246,830 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, SPX Corporation shares returned 2.06% and in the past 30 trading days it returned -10.92%. Over three months, it changed -9.87%. In one year it has changed -13.73% and within that year its 52-week high was 39.28 and its 52-week low was 25.22. SPXC stock is 27.77% above its 52 Week Low.

Our calculations show a 200 day moving average of 32.03 and a 50 day moving average of 33.59. Currently SPXC stock is trading 0.60% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  SPX Corporation (SPXC) CEO Gene Lowe on Q1 2019 Results – Earnings Call Transcript

Earnings:

The last annual fiscal EPS for the company was reported at 1.82 that ended on 31st of December 2018, which according to the previous close, that is a PE of 17.70. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.50. The TTM EPS is 2.23, which comes to a TTM PE of 14.45.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/02/2019): -0.02
4thQtr of 2018 (Reported on 02/14/2019): 0.88
3rdQtr of 2018 (Reported on 11/01/2018): 0.15
2ndQtr of 2018 (Reported on 08/02/2018): 0.51
1stQtr of 2018 (Reported on 05/03/2018): 0.28

Base on our calculations, the intrinsic value per share is 58.58, which means it is possibly undervalued and has a margin of safety of 45.00%.

Indicators to Watch:

Short-interest was 600,037, which was 1.37% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.10. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.83.

SeekingAlpha:  EPA to allow year-round sale of E15 gasoline in bid to help farmers

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 18.92%, return on assets is 3.46%, profit margin is 4.45%, price-to-sales is 0.91 and price-to-book is 3.34.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 1  :Past Performance Score
 3  :Financial Strength Score
 4  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.