CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
In a market that continues to challenge investors, SPX Corp (NYSE: NYSE:SPXC) has marked a new 52-week low, with shares dropping to $115.34. According to InvestingPro data, the company maintains a strong financial health score, with revenue growing nearly 14% over the last twelve months. Despite current market pressures, SPX Corp operates with moderate debt levels and maintains healthy liquidity. This latest price point reflects a subtle yet persistent downward trend for the infrastructure equipment supplier, as evidenced by a 1-year change showing a slight decline of 1.14%. Investors are closely monitoring SPX Corp's performance, considering the broader economic signals and the company's strategic moves to navigate through the current financial landscape. InvestingPro analysis indicates the stock may be fairly valued at current levels, with analyst targets suggesting potential upside. The 52-week low serves as a critical indicator for shareholders and potential investors, gauging the stock's resilience and the company's market position over the past year. For deeper insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering this and 1,400+ other US equities.
In other recent news, SPX Technologies reported fourth quarter 2024 earnings that aligned with analyst expectations, posting an adjusted earnings per share of $1.51. The company also reported a revenue of $533.7 million for the quarter, which was slightly below the consensus estimate of $534 million but represented a year-over-year increase of 13.7%. For the full year 2024, SPX Technologies achieved an adjusted EPS of $5.58, marking a 29% increase from the previous year, with revenue growing by 13.9% to $1.98 billion. Looking ahead, the company has provided an optimistic forecast for 2025, projecting adjusted EPS between $6.00 and $6.25, surpassing the analyst consensus of $6.11. SPX Technologies also anticipates revenue for 2025 to be in the range of $2.13 to $2.19 billion, exceeding the $2.14 billion estimate. The company's HVAC segment reported a strong performance in the fourth quarter, with revenue rising by 18.6% to $370.5 million and segment income margin expanding by 140 basis points to 24.8%. These developments indicate a positive outlook for SPX Technologies, with healthy demand and favorable execution trends expected to support continued growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.