Colfax Corporation (NYSE:CFX) – Research analysts at Gabelli issued their FY2018 earnings per share estimates for shares of Colfax Corporation in a report issued on Tuesday. Gabelli analyst M. Trusz forecasts that the industrial products company will earn $1.70 per share for the year. Gabelli also issued estimates for Colfax Corporation’s FY2019 earnings at $1.85 EPS, FY2020 earnings at $2.00 EPS and FY2021 earnings at $2.20 EPS.
Several other research firms have also recently weighed in on CFX. Zacks Investment Research upgraded Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, October 9th. BidaskClub cut Colfax Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price target on shares of Colfax Corporation in a research report on Wednesday, September 27th. Robert W. Baird upgraded Colfax Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $47.00 to $50.00 in a research report on Monday, July 31st. Finally, Cowen and Company cut Colfax Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Colfax Corporation presently has a consensus rating of “Hold” and an average target price of $46.40.
Colfax Corporation (CFX) traded up $0.35 during mid-day trading on Thursday, reaching $36.53. The company’s stock had a trading volume of 1,036,962 shares, compared to its average volume of 701,064. The company has a quick ratio of 1.31, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The company has a market cap of $4,523.27, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30. Colfax Corporation has a 1 year low of $33.31 and a 1 year high of $43.29.
Colfax Corporation (NYSE:CFX) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $901.09 million. Colfax Corporation had a return on equity of 6.26% and a net margin of 4.89%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS.
In other Colfax Corporation news, SVP Stephen Wittig sold 29,189 shares of Colfax Corporation stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the transaction, the senior vice president now owns 15,479 shares in the company, valued at $608,324.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CFX. Bronfman E.L. Rothschild L.P. grew its position in Colfax Corporation by 4,167.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 2,542 shares during the last quarter. Toronto Dominion Bank bought a new position in Colfax Corporation in the second quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Colfax Corporation by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 323 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Colfax Corporation by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 251 shares during the last quarter. Finally, FNY Managed Accounts LLC bought a new position in Colfax Corporation in the third quarter valued at about $160,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.
About Colfax Corporation
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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