Brokerages predict that Colfax Co. (NYSE:CFX) will report $951.78 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Colfax’s earnings. The highest sales estimate is $981.20 million and the lowest is $932.30 million. Colfax reported sales of $965.83 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.5%. The firm is scheduled to announce its next earnings report on Friday, July 27th.

According to Zacks, analysts expect that Colfax will report full-year sales of $3.70 billion for the current financial year, with estimates ranging from $3.66 billion to $3.79 billion. For the next year, analysts forecast that the company will report sales of $3.86 billion per share, with estimates ranging from $3.77 billion to $4.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Colfax.

Colfax (NYSE:CFX) last issued its earnings results on Thursday, May 3rd. The industrial products company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. The business had revenue of $881.00 million for the quarter, compared to the consensus estimate of $822.75 million. Colfax had a net margin of 3.84% and a return on equity of 6.13%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share.

A number of equities analysts have commented on the stock. Bank of America cut shares of Colfax from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $46.00 to $32.00 in a research report on Monday, June 4th. KeyCorp reduced their price objective on shares of Colfax from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 4th. Zacks Investment Research raised shares of Colfax from a “sell” rating to a “hold” rating in a research report on Friday, May 4th. Citigroup reduced their price objective on shares of Colfax from $30.00 to $28.00 and set a “sell” rating for the company in a research report on Friday, May 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Colfax from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.82.

Colfax traded up $0.12, reaching $30.32, during trading on Friday, according to MarketBeat Ratings. 789,282 shares of the stock were exchanged, compared to its average volume of 807,050. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.30 and a beta of 1.24. Colfax has a twelve month low of $28.80 and a twelve month high of $43.29. The company has a current ratio of 1.97, a quick ratio of 1.52 and a debt-to-equity ratio of 0.29.

In other news, insider Shyam Kambeyanda sold 873 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $32.48, for a total value of $28,355.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. boosted its position in shares of Colfax by 225.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 3,583 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Colfax by 49.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,264 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 1,731 shares during the period. TLP Group LLC bought a new stake in shares of Colfax in the first quarter valued at about $186,000. Ramsey Quantitative Systems bought a new stake in shares of Colfax in the fourth quarter valued at about $281,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Colfax in the fourth quarter valued at about $343,000. 77.00% of the stock is owned by institutional investors.

About Colfax

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

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Earnings History and Estimates for Colfax (NYSE:CFX)

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