Q3 2017 EPS Estimates for Flow International Corp (NASDAQ:FLOW) Cut by Seaport Global Securities
Flow International Corp (NASDAQ:FLOW) – Stock analysts at Seaport Global Securities decreased their Q3 2017 earnings per share (EPS) estimates for shares of Flow International Corp in a note issued to investors on Tuesday. Seaport Global Securities analyst R. Cassil now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.69. Seaport Global Securities also issued estimates for Flow International Corp’s Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $1.39 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $2.11 EPS.
A number of other equities analysts also recently issued reports on FLOW. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price target on shares of Flow International Corp in a research note on Friday, July 14th. Wolfe Research began coverage on Flow International Corp in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research downgraded Flow International Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $35.00 price target on shares of Flow International Corp in a research note on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “sell” rating and set a $30.00 target price on shares of Flow International Corp in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.40.
Flow International Corp (NASDAQ:FLOW) opened at 35.92 on Thursday. The firm’s market capitalization is $1.52 billion. The firm has a 50-day moving average price of $37.29 and a 200-day moving average price of $35.83. Flow International Corp has a 1-year low of $22.34 and a 1-year high of $40.66.
Flow International Corp (NASDAQ:FLOW) last posted its earnings results on Wednesday, May 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $435.57 million. During the same period last year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was down 14.2% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of FLOW. Russell Investments Group Ltd. boosted 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 valued at $977,000 after buying an additional 1,468 shares in the last quarter. Karp Capital Management Corp purchased a new position in Flow International Corp during the first quarter valued at approximately $2,091,000. Aperio Group LLC boosted its position in Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after buying an additional 996 shares in the last quarter. Finally, Rex Capital Advisors LLC purchased a new position in Flow International Corp during the first quarter valued at approximately $315,000.
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