Research Analysts Set Expectations for Flow International Corp’s FY2017 Earnings (FLOW)
Flow International Corp (NASDAQ:FLOW) – Seaport Global Securities issued their FY2017 earnings per share (EPS) estimates for shares of Flow International Corp in a report issued on Wednesday. Seaport Global Securities analyst W. Liptak forecasts that the company will post earnings of $1.25 per share for the year. Seaport Global Securities also issued estimates for Flow International Corp’s Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.81 EPS and FY2018 earnings at $2.40 EPS.
Several other research firms have also recently issued reports on FLOW. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target on shares of Flow International Corp in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Flow International Corp from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, October 17th. BidaskClub raised shares of Flow International Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 13th. Robert W. Baird reaffirmed a “buy” rating and set a $50.00 price target on shares of Flow International Corp in a research note on Wednesday, October 4th. Finally, Wolfe Research assumed coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.86.
Shares of Flow International Corp (NASDAQ FLOW) opened at $41.52 on Monday.
Flow International Corp (NASDAQ:FLOW) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $491.10 million for the quarter, compared to analysts’ expectations of $493.53 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Flow International Corp by 6.9% in the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock worth $3,068,000 after acquiring an additional 5,370 shares during the last quarter. Aperio Group LLC boosted its position in shares of Flow International Corp by 1.7% in the second 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 last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Flow International Corp in the second quarter worth approximately $337,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Flow International Corp in the third quarter worth approximately $319,000.
In related news, VP Stephen A. Tsoris sold 5,850 shares of the firm’s 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 sale, the vice president now directly owns 44,694 shares of the company’s stock, valued at $1,564,290. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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