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.
COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Anticipate Flow International Corp (FLOW) Will Announce Earnings of $0.48 Per Share” was originally reported by WKRB News and is the property of of WKRB News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.wkrb13.com/markets/2229307/zacks-brokerages-anticipate-flow-international-corp-flow-will-announce-earnings-of-0-48-per-share.html.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229307/zacks-brokerages-anticipate-flow-international-corp-flow-will-announce-earnings-of-0-48-per-share.html
Receive News & Ratings for Flow International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flow International Corp and related companies with MarketBeat.com's FREE daily email newsletter.