Zacks: Brokerages Anticipate Flow International Corp (NASDAQ:FLOW) to Announce $0.34 Earnings Per Share

Wall Street analysts predict that Flow International Corp (NASDAQ:FLOW) will post earnings of $0.34 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Flow International Corp’s earnings, with estimates ranging from $0.33 to $0.36. Flow International Corp posted earnings of $0.46 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.1%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, August 2nd.

According to Zacks, analysts expect that Flow International Corp will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.92. For the next fiscal year, analysts forecast that the firm will post earnings of $2.38 per share, with EPS estimates ranging from $2.11 to $2.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Flow International Corp.

Flow International Corp (NASDAQ:FLOW) last released its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $435.57 million. Flow International Corp’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS.

FLOW has been the subject of a number of research analyst reports. Credit Suisse Group reiterated a “sell” rating and set a $30.00 price target on shares of Flow International Corp in a report on Tuesday, April 11th. Royal Bank Of Canada restated a “hold” rating and set a $35.00 target price on shares of Flow International Corp in a report on Tuesday, April 11th. Zacks Investment Research cut Flow International Corp from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and set a $46.00 target price on shares of Flow International Corp in a report on Friday, July 14th. Finally, Wolfe Research initiated coverage on Flow International Corp in a report on Tuesday, July 11th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Flow International Corp presently has a consensus rating of “Hold” and a consensus target price of $39.40.

Flow International Corp (FLOW) traded down 1.58% during mid-day trading on Monday, hitting $35.46. The company had a trading volume of 169,748 shares. The company has a 50-day moving average price of $37.22 and a 200 day moving average price of $35.85. Flow International Corp has a 52-week low of $22.34 and a 52-week high of $40.66. The company’s market capitalization is $1.50 billion.

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A number of institutional investors have recently made changes to their positions in the stock. Karp Capital Management Corp purchased a new position in shares of Flow International Corp during the first quarter worth approximately $2,091,000. Russell Investments Group Ltd. purchased a new position in shares of Flow International Corp during the fourth quarter worth approximately $863,000. Rex Capital Advisors LLC purchased a new position in shares of Flow International Corp during the first quarter worth approximately $315,000. Finally, Aperio Group LLC boosted its position in shares of Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock worth $2,258,000 after buying an additional 996 shares during the period.

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