Flow International Corp (FLOW) Set to Announce Quarterly Earnings on Tuesday
Flow International Corp (NASDAQ:FLOW) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st.
Flow International Corp (NASDAQ:FLOW) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). The company had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $499.28 million. During the same period in the previous year, the business earned $0.46 EPS. Flow International Corp’s revenue was down 5.8% compared to the same quarter last year. On average, analysts expect Flow International Corp to post $0.15 EPS for the current fiscal year and $2.30 EPS for the next fiscal year.
Flow International Corp (NASDAQ:FLOW) opened at 41.92 on Tuesday. The company has a market cap of $1.78 billion and a PE ratio of 349.33. Flow International Corp has a 52-week low of $22.34 and a 52-week high of $43.26. The company has a 50-day moving average of $39.18 and a 200 day moving average of $39.18.
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In other news, VP Stephen A. Tsoris sold 5,850 shares of Flow International Corp stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $204,750.00. Following the transaction, the vice president now owns 44,694 shares in the company, valued at $1,564,290. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
A number of analysts have weighed in on FLOW shares. Zacks Investment Research upgraded shares of Flow International Corp from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, July 4th. Wolfe Research started coverage on shares of Flow International Corp in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of Flow International Corp in a research report on Friday, July 14th. UBS AG upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating and raised their target price for the company from $41.00 to $42.00 in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven 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 price target of $43.86.
About Flow International Corp
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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