Spirax-Sarco Engineering (LON:SPX) Releases Earnings Results

Spirax-Sarco Engineering (LON:SPX) announced its quarterly earnings data on Tuesday. The company reported GBX 286.30 ($3.71) earnings per share for the quarter, Digital Look Earnings reports. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%.

Spirax-Sarco Engineering Stock Down 0.6 %

Shares of SPX opened at GBX 7,095 ($92.01) on Thursday. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 12 month low of GBX 6,350 ($82.35) and a 12 month high of £107.30 ($139.15). The stock’s 50 day moving average is GBX 7,383.68 and its two-hundred day moving average is GBX 7,179.08. The firm has a market cap of £5.22 billion, a P/E ratio of 27.21, a PEG ratio of 2.20 and a beta of 0.68.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPX. Citigroup reissued a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Spirax-Sarco Engineering from GBX 7,800 ($101.15) to GBX 7,700 ($99.86) and set a “neutral” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 8,478 ($109.95).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.