Colfax Corporation Stock Upgraded (CFX)
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- The revenue growth came in higher than the industry average of 20.1%. Since the same quarter one year prior, revenues slightly increased by 6.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 126.2% when compared to the same quarter one year prior, rising from -$105.60 million to $27.64 million.
- Net operating cash flow has significantly increased by 87.72% to -$13.41 million when compared to the same quarter last year. Despite an increase in cash flow of 87.72%, COLFAX CORP is still growing at a significantly lower rate than the industry average of 260.54%.
- Powered by its strong earnings growth of 115.78% and other important driving factors, this stock has surged by 76.13% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- COLFAX CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, COLFAX CORP swung to a loss, reporting -$1.09 versus $0.09 in the prior year. This year, the market expects an improvement in earnings ($2.00 versus -$1.09).
-- Written by a member of TheStreet Ratings Staff
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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