SPX (SPXC) Earning Favorable Media Coverage, Report Finds

SPX (SPXC) Earning Favorable Media Coverage, Report Finds

News articles about SPX (NASDAQ:SPXC) have trended positive recently, Alpha One Sentiment Analysis reports. The research firm, a unit of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SPX earned a news sentiment score of 0.36 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have effected Alpha One’s analysis:

Shares of SPX (NASDAQ:SPXC) traded up 17.68% on Friday, hitting $28.29. The company had a trading volume of 1,079,303 shares. SPX has a 1-year low of $14.00 and a 1-year high of $28.46. The firm’s market capitalization is $1.19 billion. The company has a 50 day moving average price of $23.89 and a 200 day moving average price of $23.70.

SPX (NASDAQ:SPXC) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The firm had revenue of $340.60 million for the quarter, compared to the consensus estimate of $320.94 million. During the same quarter last year, the company posted $0.09 earnings per share. On average, equities analysts forecast that SPX will post $1.64 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded SPX from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, March 1st.

SPX Company Profile

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

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