Colfax (NYSE:CFX) Issues FY20 Earnings Guidance

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Colfax (NYSE:CFX) updated its FY20 earnings guidance on Friday. The company provided EPS guidance of $2.10-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.21. Colfax also updated its FY 2020
Pre-Market guidance to 2.10-2.20 EPS.

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on Colfax from $39.00 to $42.00 and gave the company an outperform rating in a report on Thursday, December 19th. Goldman Sachs Group initiated coverage on Colfax in a report on Thursday, January 16th. They set a buy rating and a $44.00 price objective on the stock. Cowen reissued an outperform rating and set a $50.00 price objective (up previously from $40.00) on shares of Colfax in a report on Monday. Barclays initiated coverage on Colfax in a report on Wednesday, November 27th. They set an equal weight rating and a $36.00 price objective on the stock. Finally, Zacks Investment Research raised Colfax from a sell rating to a hold rating and set a $41.00 price objective on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $32.40.

CFX traded down $1.50 on Monday, hitting $37.40. 1,202,579 shares of the company were exchanged, compared to its average volume of 916,266. The firm has a fifty day simple moving average of $36.99 and a two-hundred day simple moving average of $32.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.97 and a current ratio of 1.64. Colfax has a 12 month low of $24.35 and a 12 month high of $39.30. The stock has a market capitalization of $4.58 billion, a PE ratio of -9.64, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62.

Colfax (NYSE:CFX) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The business had revenue of $888.40 million during the quarter, compared to analysts’ expectations of $885.30 million. Colfax had a positive return on equity of 9.12% and a negative net margin of 14.45%. The business’s revenue was up 54.5% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. On average, equities analysts expect that Colfax will post 2.19 earnings per share for the current year.

In other news, CEO Matthew L. Trerotola sold 22,317 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $36.84, for a total value of $822,158.28. Following the completion of the transaction, the chief executive officer now owns 203,287 shares in the company, valued at approximately $7,489,093.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.00% 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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