Analysts expect Colfax Corp (NYSE:CFX) to announce earnings of $0.47 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Colfax’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.43. Colfax reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year over year growth rate of 13%. The company is expected to report its next earnings results on Thursday, October 24th.

On average, analysts expect that Colfax will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.87 to $2.02. For the next year, analysts forecast that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $2.13 to $2.52. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Colfax.

Colfax (NYSE:CFX) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $908.65 million during the quarter, compared to analysts’ expectations of $1.25 billion. Colfax had a positive return on equity of 8.69% and a negative net margin of 11.76%. The company’s revenue was up 62.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS.

A number of equities analysts have issued reports on CFX shares. Deutsche Bank set a $28.00 target price on Colfax and gave the stock a “hold” rating in a report on Wednesday, July 10th. KeyCorp lowered their target price on Colfax from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Seaport Global Securities reiterated a “buy” rating on shares of Colfax in a report on Monday, August 12th. Morgan Stanley decreased their price objective on Colfax from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Stifel Nicolaus set a $35.00 price objective on Colfax and gave the company a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $29.75.

CFX stock traded down $0.30 during trading hours on Friday, reaching $28.50. 1,289,345 shares of the stock were exchanged, compared to its average volume of 1,257,938. The firm’s 50-day moving average is $27.13 and its 200-day moving average is $27.65. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.22 and a beta of 1.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.27 and a quick ratio of 1.90. Colfax has a 12 month low of $18.95 and a 12 month high of $37.05.

In related news, CEO Matthew L. Trerotola sold 18,589 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $28.51, for a total value of $529,972.39. Following the completion of the sale, the chief executive officer now directly owns 225,604 shares in the company, valued at approximately $6,431,970.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher M. Hix sold 4,750 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $27.08, for a total transaction of $128,630.00. Following the completion of the sale, the chief financial officer now owns 29,841 shares of the company’s stock, valued at $808,094.28. The disclosure for this sale can be found here. 12.00% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of CFX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Colfax in the first quarter valued at approximately $497,000. Comerica Bank lifted its holdings in Colfax by 19.5% in the 2nd quarter. Comerica Bank now owns 338,446 shares of the industrial products company’s stock valued at $9,050,000 after purchasing an additional 55,173 shares in the last quarter. Banyan Capital Management Inc. purchased a new position in Colfax in the 1st quarter valued at $499,000. Keybank National Association OH lifted its holdings in Colfax by 99.3% in the 2nd quarter. Keybank National Association OH now owns 16,399 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 8,171 shares in the last quarter. Finally, RE Advisers Corp purchased a new position in Colfax in the 2nd quarter valued at $8,985,000. Institutional investors and hedge funds own 95.92% of the company’s stock.

Colfax Company Profile

Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.

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Earnings History and Estimates for Colfax (NYSE:CFX)

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