Brokerages expect Flow International Corp (NASDAQ:FLOW) to announce earnings of $0.50 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Flow International’s earnings, with estimates ranging from $0.47 to $0.51. Flow International reported earnings per share of $0.46 in the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, February 6th.
On average, analysts expect that Flow International will report full year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.21 to $1.25. For the next fiscal year, analysts expect that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.23 to $2.69. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Flow International.
Flow International (NASDAQ:FLOW) last issued its earnings results on Wednesday, November 1st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The business had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $493.53 million. During the same quarter in the prior year, the business earned $0.34 EPS. Flow International’s quarterly revenue was up 5.2% on a year-over-year basis.
Shares of Flow International (FLOW) traded down $0.56 during midday trading on Wednesday, reaching $46.37. The company’s stock had a trading volume of 165,594 shares, compared to its average volume of 269,485. Flow International has a 1 year low of $31.06 and a 1 year high of $48.97. The stock has a market capitalization of $198.17 and a P/E ratio of 1,159.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FLOW. Piedmont Investment Advisors LLC bought a new stake in shares of Flow International during the 2nd quarter worth about $337,000. Crossmark Global Holdings Inc. bought a new stake in shares of Flow International during the 3rd quarter worth about $319,000. Rhumbline Advisers boosted its stake in shares of Flow International by 2.1% during the 3rd quarter. Rhumbline Advisers now owns 84,917 shares of the company’s stock worth $3,274,000 after acquiring an additional 1,735 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Flow International by 23.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock worth $998,000 after acquiring an additional 4,976 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its stake in shares of Flow International by 17.0% during the 3rd quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock worth $834,000 after acquiring an additional 3,150 shares in the last quarter.
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About Flow International
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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