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

Brokerages forecast that Flow International Corp (NASDAQ:FLOW) will post earnings of $0.48 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Flow International’s earnings, with estimates ranging from $0.45 to $0.51. Flow International reported earnings of $0.46 per share during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The business is expected to report its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Flow International will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.25. For the next fiscal year, analysts forecast that the firm will post earnings of $2.31 per share, with EPS estimates ranging from $2.18 to $2.44. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Flow International.

Flow International (NASDAQ:FLOW) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $491.10 million for the quarter, compared to analysts’ expectations of $493.53 million. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share.

Several equities analysts have issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $50.00 price target on shares of Flow International in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Flow International from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target on shares of Flow International in a report on Tuesday, October 17th. Finally, BidaskClub raised shares of Flow International from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. One 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. The stock currently has an average rating of “Buy” and an average target price of $43.86.

Flow International (FLOW) remained flat at $$4.04 during midday trading on Friday. The stock has a market cap of $198.17 and a price-to-earnings ratio of 101.00.

Several institutional investors and hedge funds have recently made changes to their positions in FLOW. SG Americas Securities LLC acquired a new position in Flow International during the third quarter valued at $226,000. Crossmark Global Holdings Inc. acquired a new stake in Flow International during the 3rd quarter worth approximately $319,000. Piedmont Investment Advisors LLC acquired a new stake in Flow International during the 2nd quarter worth approximately $337,000. Thompson Investment Management Inc. lifted its holdings in Flow International by 17.0% during the 3rd quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock worth $834,000 after buying an additional 3,150 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Flow International by 23.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock worth $998,000 after buying an additional 4,976 shares in the last quarter.

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Flow International Company Profile

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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