$495.71 Million in Sales Expected for Flow International Corp (FLOW) This Quarter
Wall Street analysts expect Flow International Corp (NASDAQ:FLOW) to post $495.71 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Flow International Corp’s earnings, with the highest sales estimate coming in at $498.02 million and the lowest estimate coming in at $493.40 million. Flow International Corp posted sales of $466.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The firm is expected to announce its next earnings report on Wednesday, November 1st.
On average, analysts expect that Flow International Corp will report full year sales of $495.71 million for the current year, with estimates ranging from $1.95 billion to $1.96 billion. For the next financial year, analysts expect that the company will report sales of $2.05 billion per share, with estimates ranging from $2.01 billion to $2.08 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Flow International Corp.
Flow International Corp (NASDAQ:FLOW) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $498 million during the quarter, compared to analysts’ expectations of $499.28 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis.
FLOW has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $47.00 target price on shares of Flow International Corp in a research report on Sunday, September 3rd. UBS AG upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Flow International Corp from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Susquehanna Bancshares Inc upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating and increased their price objective for the company from $41.00 to $42.00 in a report on Tuesday, August 8th. Finally, BidaskClub raised shares of Flow International Corp from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.50.
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Shares of Flow International Corp (NASDAQ:FLOW) opened at 33.60 on Friday. The company has a 50-day moving average of $33.87 and a 200-day moving average of $35.46. The firm has a market cap of $1.42 billion and a P/E ratio of 280.00. Flow International Corp has a 12 month low of $22.34 and a 12 month high of $40.66.
In related news, VP Stephen A. Tsoris sold 5,850 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 44,694 shares in the company, valued at approximately $1,564,290. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Institutional investors have recently modified their holdings of the business. Rex Capital Advisors LLC bought a new stake in Flow International Corp in the 1st quarter valued at $315,000. Piedmont Investment Advisors LLC bought a new position in shares of Flow International Corp during the 2nd quarter worth about $337,000. Russell Investments Group Ltd. lifted 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 worth $977,000 after acquiring an additional 1,468 shares during the period. Karp Capital Management Corp bought a new position in shares of Flow International Corp during the 1st quarter worth about $2,091,000. Finally, Aperio Group LLC lifted 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 worth $2,258,000 after acquiring an additional 996 shares during the period.
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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