Wall Street analysts predict that Flow International Corp (NASDAQ:FLOW) will post $511.30 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Flow International’s earnings. The lowest sales estimate is $505.10 million and the highest is $515.30 million. Flow International posted sales of $495.40 million during the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Flow International will report full-year sales of $511.30 million for the current financial year, with estimates ranging from $1.93 billion to $1.94 billion. For the next financial year, analysts forecast that the business will report sales of $2.05 billion per share, with estimates ranging from $2.02 billion to $2.07 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Flow International.
Flow International (NASDAQ:FLOW) last announced its earnings results on Wednesday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $493.53 million. During the same quarter last year, the business earned $0.34 EPS. Flow International’s quarterly revenue was up 5.2% on a year-over-year basis.
A number of research analysts have recently issued reports on FLOW shares. BidaskClub upgraded Flow International from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price on shares of Flow International in a research report on Sunday, September 3rd. Zacks Investment Research lowered Flow International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 13th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $38.00 target price on shares of Flow International in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Flow International has a consensus rating of “Buy” and an average target price of $43.86.
A number of hedge funds and other institutional investors have recently bought and sold shares of FLOW. Rhumbline Advisers raised its stake in Flow International by 6.9% in the 2nd quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock valued at $3,068,000 after purchasing an additional 5,370 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Flow International in the 2nd quarter valued at $337,000. Crossmark Global Holdings Inc. acquired a new position in Flow International in the 3rd quarter valued at $319,000. Russell Investments Group Ltd. raised its stake in Flow International by 23.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock valued at $998,000 after purchasing an additional 4,976 shares during the last quarter. Finally, Thompson Investment Management Inc. raised its stake in Flow International by 17.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock valued at $834,000 after purchasing an additional 3,150 shares during the last quarter.
Flow International (NASDAQ FLOW) opened at $47.55 on Friday. The stock has a market cap of $198.17 and a PE ratio of 1,188.75.
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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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