Zacks: Brokerages Anticipate Flow International Corp (FLOW) Will Announce Earnings of $0.48 Per Share

Brokerages predict that Flow International Corp (NASDAQ:FLOW) will report earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Three analysts have issued estimates for Flow International Corp’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.51. Flow International Corp posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Flow International Corp will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.88. For the next year, analysts expect that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.19 to $2.59. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Flow International Corp.

Flow International Corp (NASDAQ:FLOW) last released its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm had revenue of $433.30 million during the quarter, compared to the consensus estimate of $435.57 million. During the same period in the prior year, the company earned $0.02 earnings per share. Flow International Corp’s revenue for the quarter was down 14.2% compared to the same quarter last year.

FLOW has been the subject of a number of recent research reports. Credit Suisse Group restated a “sell” rating and issued a $30.00 target price on shares of Flow International Corp in a research report on Tuesday, April 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $35.00 price objective on shares of Flow International Corp in a research report on Tuesday, April 11th. Finally, Zacks Investment Research upgraded Flow International Corp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.75.

In other Flow International Corp news, insider David Adam Kowalski sold 11,744 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $36.00, for a total value of $422,784.00. Following the completion of the sale, the insider now owns 142,033 shares in the company, valued at $5,113,188. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have recently made changes to their positions in the stock. Rex Capital Advisors LLC acquired a new position in Flow International Corp during the first quarter valued at about $315,000. Russell Investments Group Ltd. acquired a new position in Flow International Corp during the fourth quarter valued at about $863,000. Finally, Karp Capital Management Corp acquired a new position in Flow International Corp during the first quarter valued at about $2,091,000.

Flow International Corp (NASDAQ:FLOW) traded down 0.41% on Tuesday, hitting $38.68. The stock had a trading volume of 281,837 shares. The company has a 50-day moving average price of $38.00 and a 200-day moving average price of $34.91. Flow International Corp has a 1-year low of $22.34 and a 1-year high of $40.66. The stock’s market capitalization is $1.64 billion.

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