Flow International Corp (FLOW) Expected to Announce Quarterly Sales of $488.26 Million
Equities analysts predict that Flow International Corp (NASDAQ:FLOW) will announce sales of $488.26 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Flow International Corp’s earnings, with estimates ranging from $480.10 million to $495.10 million. Flow International Corp posted sales of $528.80 million in the same quarter last year, which would indicate a negative year over year growth rate of 7.7%. The company is expected to issue its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Flow International Corp will report full-year sales of $488.26 million for the current financial year, with estimates ranging from $1.88 billion to $1.92 billion. For the next financial year, analysts expect that the business will report sales of $1.98 billion per share, with estimates ranging from $1.94 billion to $2.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Flow International Corp.
Flow International Corp (NASDAQ:FLOW) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $433.30 million for the quarter, compared to analyst estimates of $435.57 million. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share.
FLOW has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Flow International Corp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, April 11th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price target on shares of Flow International Corp in a report on Sunday, March 12th. Finally, Credit Suisse Group restated a “sell” rating and issued a $30.00 price target on shares of Flow International Corp in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.00.
In other Flow International Corp news, insider David Adam Kowalski sold 11,744 shares of the firm’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $36.00, for a total value of $422,784.00. Following the transaction, the insider now directly owns 142,033 shares of the company’s stock, valued at $5,113,188. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp purchased a new position in Flow International Corp during the first quarter worth $2,091,000. Russell Investments Group Ltd. raised its position in Flow International Corp by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock worth $977,000 after buying an additional 1,468 shares during the last quarter. Finally, Rex Capital Advisors LLC purchased a new position in Flow International Corp during the first quarter worth $315,000.
Shares of Flow International Corp (NASDAQ FLOW) opened at 36.48 on Friday. Flow International Corp has a 52-week low of $22.34 and a 52-week high of $40.66. The company has a 50-day moving average of $37.92 and a 200 day moving average of $35.21. The company’s market capitalization is $1.54 billion.
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