Flow International Corp (FLOW) Expected to Post Quarterly Sales of $478.00 Million

Wall Street analysts forecast that Flow International Corp (NASDAQ:FLOW) will report sales of $478.00 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Flow International’s earnings, with estimates ranging from $477.30 million to $478.70 million. Flow International reported sales of $433.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next earnings report before the market opens on Wednesday, May 2nd.

According to Zacks, analysts expect that Flow International will report full-year sales of $2.08 billion for the current year, with estimates ranging from $2.07 billion to $2.09 billion. For the next year, analysts expect that the company will post sales of $2.16 billion per share, with estimates ranging from $2.14 billion to $2.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Flow International.

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Flow International (NASDAQ:FLOW) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $511.67 million.

Several analysts have commented on the company. Robert W. Baird lifted their price target on Flow International from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Royal Bank of Canada restated a “hold” rating and issued a $50.00 price target on shares of Flow International in a report on Wednesday, February 7th. Finally, Stifel Nicolaus lowered their price target on Flow International from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Flow International has a consensus rating of “Buy” and a consensus price target of $50.60.

A hedge fund recently bought a new stake in Flow International stock. SG Americas Securities LLC bought a new position in shares of Flow International Corp (NASDAQ:FLOW) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 5,853 shares of the company’s stock, valued at approximately $226,000.

FLOW traded up $0.73 during midday trading on Wednesday, hitting $49.98. The company’s stock had a trading volume of 169,639 shares, compared to its average volume of 297,149. Flow International has a 52-week low of $31.10 and a 52-week high of $54.92.

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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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