$0.46 EPS Expected for Flow International Corp (FLOW) This Quarter
Brokerages forecast that Flow International Corp (NASDAQ:FLOW) will report earnings per share of $0.46 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Flow International Corp’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. Flow International Corp posted earnings per share of $0.34 during the same quarter last year, which suggests a positive year over year growth rate of 35.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, November 1st.
According to Zacks, analysts expect that Flow International Corp will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.39 to $1.42. For the next fiscal year, analysts forecast that the company will report earnings of $2.30 per share, with EPS estimates ranging from $2.10 to $2.56. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Flow International Corp.
Flow International Corp (NASDAQ:FLOW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.04). The business had revenue of $498.00 million during the quarter, compared to analyst estimates of $499.28 million. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS.
A number of equities research analysts have issued reports on FLOW shares. Zacks Investment Research downgraded shares of Flow International Corp from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded shares of Flow International Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 target price on shares of Flow International Corp in a research report on Sunday, September 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $38.00 target price on shares of Flow International Corp in a research report on Wednesday, September 6th. Finally, Wolfe Research started coverage on shares of Flow International Corp in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flow International Corp presently has an average rating of “Buy” and an average target price of $42.14.
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In other Flow International Corp news, VP Stephen A. Tsoris sold 5,850 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total value of $204,750.00. Following the completion of the sale, the vice president now owns 44,694 shares in the company, valued at approximately $1,564,290. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of hedge funds have recently added to or reduced their stakes in FLOW. Rhumbline Advisers raised its holdings in shares of Flow International Corp by 6.9% during the 2nd quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock valued at $3,068,000 after purchasing an additional 5,370 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Flow International Corp by 1.7% during the 2nd quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after purchasing an additional 996 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Flow International Corp by 5.5% during the 1st quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock valued at $977,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Flow International Corp during the 2nd quarter valued at $337,000.
Flow International Corp (FLOW) traded up 2.09% during mid-day trading on Friday, reaching $41.45. The company’s stock had a trading volume of 195,140 shares. The firm has a market cap of $1.76 billion and a PE ratio of 345.42. The stock’s 50 day moving average is $38.46 and its 200 day moving average is $38.46. Flow International Corp has a one year low of $22.34 and a one year high of $41.97.
Flow International Corp Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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