Colfax Corporation (NYSE:CFX) – Research analysts at Northcoast Research issued their FY2017 EPS estimates for Colfax Corporation in a research note issued to investors on Monday. Northcoast Research analyst T. Hayes anticipates that the industrial products company will post earnings of $1.72 per share for the year. Northcoast Research also issued estimates for Colfax Corporation’s Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $1.83 EPS.
Colfax Corporation (NYSE:CFX) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Colfax Corporation had a net margin of 4.89% and a return on equity of 6.26%. The company had revenue of $844.50 million during the quarter, compared to analyst estimates of $901.09 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price objective on shares of Colfax Corporation in a report on Wednesday, September 27th. KeyCorp reaffirmed a “buy” rating and issued a $46.00 target price on shares of Colfax Corporation in a research report on Tuesday, September 26th. Cowen and Company reaffirmed a “buy” rating and issued a $50.00 target price on shares of Colfax Corporation in a research report on Tuesday, September 26th. Argus reaffirmed a “buy” rating and issued a $50.00 target price on shares of Colfax Corporation in a research report on Tuesday, August 29th. Finally, Zacks Investment Research raised shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Colfax Corporation presently has an average rating of “Hold” and an average price target of $46.40.
Colfax Corporation (NYSE:CFX) opened at $35.30 on Wednesday. Colfax Corporation has a 1-year low of $33.31 and a 1-year high of $43.29. The firm has a market cap of $4,461.72, a P/E ratio of 21.83, a P/E/G ratio of 2.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47.
In other news, SVP Stephen Wittig sold 29,189 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the sale, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC bought a new stake in shares of Colfax Corporation during the 3rd quarter valued at $3,833,000. Caxton Associates LP grew its position in shares of Colfax Corporation by 25.0% during the 3rd quarter. Caxton Associates LP now owns 50,000 shares of the industrial products company’s stock valued at $2,082,000 after acquiring an additional 10,000 shares during the period. Boothbay Fund Management LLC grew its position in shares of Colfax Corporation by 46.8% during the 3rd quarter. Boothbay Fund Management LLC now owns 20,882 shares of the industrial products company’s stock valued at $870,000 after acquiring an additional 6,658 shares during the period. PEAK6 Investments L.P. grew its position in shares of Colfax Corporation by 219.8% during the 3rd quarter. PEAK6 Investments L.P. now owns 16,608 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 30,476 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Colfax Corporation during the 3rd quarter valued at $4,938,000. 75.32% of the stock is owned by hedge funds and other institutional investors.
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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