Zacks: Brokerages Expect Flux Power Holdings, Inc. (NASDAQ:FLUX) Will Announce Earnings of -$0.22 Per Share

Equities analysts expect that Flux Power Holdings, Inc. (NASDAQ:FLUX) will announce ($0.22) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Flux Power’s earnings, with estimates ranging from ($0.23) to ($0.21). Flux Power posted earnings of ($0.29) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 10th.

According to Zacks, analysts expect that Flux Power will report full-year earnings of ($0.90) per share for the current year, with EPS estimates ranging from ($0.95) to ($0.84). For the next year, analysts expect that the company will report earnings of ($0.51) per share, with EPS estimates ranging from ($0.55) to ($0.47). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Flux Power.

Flux Power (NASDAQ:FLUX) last issued its earnings results on Friday, November 12th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.02). The firm had revenue of $6.27 million during the quarter, compared to analyst estimates of $6.21 million. Flux Power had a negative net margin of 57.24% and a negative return on equity of 119.04%. During the same quarter in the prior year, the business earned ($0.42) earnings per share.

A number of equities research analysts recently commented on the stock. HC Wainwright assumed coverage on shares of Flux Power in a report on Tuesday, October 5th. They issued a “buy” rating and a $15.00 price target on the stock. Roth Capital reaffirmed a “buy” rating and issued a $13.00 price target on shares of Flux Power in a report on Tuesday, October 5th. Maxim Group lowered their price target on shares of Flux Power from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, September 28th. Finally, Zacks Investment Research raised shares of Flux Power from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Tuesday.

Large investors have recently modified their holdings of the company. Balyasny Asset Management LLC purchased a new stake in Flux Power in the third quarter worth about $60,000. Jane Street Group LLC bought a new position in Flux Power in the third quarter worth approximately $127,000. Yaupon Capital Management LP bought a new position in Flux Power in the second quarter worth approximately $147,000. OLD Mission Capital LLC bought a new stake in shares of Flux Power during the 3rd quarter valued at $189,000. Finally, Mcdonald Partners LLC grew its stake in Flux Power by 14.4% during the third quarter. Mcdonald Partners LLC now owns 52,725 shares of the company’s stock valued at $268,000 after acquiring an additional 6,625 shares in the last quarter. 30.26% of the stock is owned by hedge funds and other institutional investors.

Flux Power stock opened at $4.17 on Friday. Flux Power has a 52 week low of $3.80 and a 52 week high of $19.41. The company’s 50 day moving average price is $4.91 and its two-hundred day moving average price is $7.02. The stock has a market cap of $66.68 million, a P/E ratio of -4.13 and a beta of 0.86.

Flux Power Company Profile

Flux Power Holdings, Inc engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. It focuses on electric fork lifts and airport ground support equipment. The company was founded by Christopher L. Anthony and Michael Johnson on September 21, 1998 and is headquartered in Vista, CA.

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