Colfax Corp(NYSE:CFX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $957.25M. Analysts estimated a revenue of $943.01M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.39.
In a different note, On Jul 18, 2016, Barclays said it Maintains its rating on Colfax Corp. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Equalweight’ by the firm. On May 25, 2016, Barclays said it Upgrades its rating on Colfax Corp. The shares have been rated ‘Equalweight’ by the firm. On May 25, 2016, Barclays said it Upgrades its rating on Colfax Corp. The shares have been rated ‘Equal-weight’ by the firm. On May 17, 2016, BB&T Capital said it Upgrades its rating on Colfax Corp. The shares have been rated ‘Buy’ by the firm.
Colfax Corp (CFX) made into the market gainers list on Thursdays trading session with the shares advancing 2.52% or 0.72 points. Due to strong positive momentum, the stock ended at $29.3, which is also near the day’s high of $29.77. The stock began the session at $28.58 and the volume stood at 8,02,888 shares. The 52-week high of the shares is $41.69 and the 52 week low is $18.22. The company has a current market capitalization of $3,594 M and it has 12,26,59,511 shares in outstanding.
Colfax Corp has also declared a cash dividend of $0.0625 on Jul 26, 2016. The shares will quote ex-dividend on Aug 5, 2016 and the record date has been fixed on Aug 9, 2016. The dividend payable date has been fixed on Aug 16, 2016.
Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Rajiv Vinnakota (director) sold 2,038 shares at $27.31 per share price.Also, On Mar 1, 2016, Stephen Wittig (SVP – CBS & Supply Chain) sold 746 shares at $25.35 per share price.On Feb 22, 2016, Lynn H Clark (SVP – Global Human Resources) sold 193 shares at $25.09 per share price, according to the Form-4 filing with the securities and exchange commission.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling and fabrication technology products and services to commercial and Governmental customers around the world under the Howden ESAB and Colfax Fluid Handling brand names. The Company’s segments include gas and fluid handling and fabrication technology. The gas and fluid handling segment supplies a range of products including heavy-duty centrifugal and axial fans rotary heat exchangers gas compressors pumps fluid-handling systems and controls and specialty valves which serves customers in the power generation oil gas and petrochemical mining marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates develops manufactures and supplies consumable products and equipment for the cutting and joining of steels aluminum and other metals and metal alloys.