Colfax reported Q2 2017 results
August 1st, 2017
Colfax (NYSE: CFX) the gas and fluid handling company reported good Q2 2017 results.
Adjusted earnings per share came in at $0.43
Net sales generated were $965.8 million, rising 0.9% year over year.
Colfax thinks that it will benefit from its organic and inorganic growth initiatives as well as from improving end-market conditions. It predicts the Gas and Fluid segment to witness organic growth in the third quarter.
The company increased its adjusted earnings guidance to $1.65−$1.75 per share from the previous projection of $1.60−$1.75.
This means that Colfax shares trade at a p/e of 24. Seems rather expensive with the still limited perspective of their industry. Colfax is not a buy at this moment!
Categories: Stocks / Aktien