$510.74 Million in Sales Expected for Flow International Corp (FLOW) This Quarter
Wall Street brokerages predict that Flow International Corp (NASDAQ:FLOW) will report sales of $510.74 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Flow International Corp’s earnings, with the lowest sales estimate coming in at $506.60 million and the highest estimate coming in at $515.30 million. Flow International Corp reported sales of $495.40 million in the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that Flow International Corp will report full-year sales of $510.74 million for the current fiscal year, with estimates ranging from $1.93 billion to $1.94 billion. For the next financial year, analysts expect that the business will report sales of $2.04 billion per share, with estimates ranging from $2.01 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Flow International Corp.
Flow International Corp (NASDAQ:FLOW) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $491.10 million for the quarter, compared to the consensus estimate of $493.53 million. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Flow International Corp in the 3rd quarter worth $226,000. Crossmark Global Holdings Inc. bought a new position in shares of Flow International Corp in the 3rd quarter worth $319,000. Piedmont Investment Advisors LLC bought a new position in shares of Flow International Corp in the 2nd quarter worth $337,000. Thompson Investment Management Inc. lifted its holdings in shares of Flow International Corp by 17.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock worth $834,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Flow International Corp by 23.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock worth $998,000 after purchasing an additional 4,976 shares in the last quarter.
Shares of Flow International Corp (NASDAQ FLOW) opened at $41.99 on Friday.
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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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