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What: Shares of Colfax
So what: Fourth-quarter adjusted earnings per share of $0.39 beat analyst estimates of $0.33, as revenue was more robust than expected. Colfax also announced it was acquiring Rosscor Holding B.V., a supplier of multiphase pumping technology based in the Netherlands.
Now what: Colfax has consistently beaten estimates for the past five quarters, and with sales rising 27.2% this quarter the future looks bright. The company is trading with a forward P/E ratio of 19.5 even after today's jump, and considering the growth, it just might be worth it. I would like to see a pullback after the exuberance passes, but long term I like where Colfax is headed.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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