Flux Power (FLUX) to Release Earnings on Thursday

Flux Power (NASDAQ:FLUXGet Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, May 12th. Analysts expect Flux Power to post earnings of ($0.30) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Flux Power (NASDAQ:FLUXGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). The company had revenue of $7.69 million for the quarter, compared to the consensus estimate of $7.94 million. Flux Power had a negative return on equity of 87.33% and a negative net margin of 50.09%. During the same quarter in the previous year, the company earned ($0.29) earnings per share. On average, analysts expect Flux Power to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of FLUX opened at $2.62 on Thursday. The company has a market cap of $41.90 million, a P/E ratio of -2.52 and a beta of 1.01. The stock has a fifty day moving average price of $2.54 and a 200 day moving average price of $3.80. Flux Power has a 12 month low of $2.00 and a 12 month high of $12.60.

A number of research analysts recently commented on the company. Maxim Group lowered their price objective on Flux Power from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 11th. Zacks Investment Research upgraded Flux Power from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th.

A number of hedge funds have recently made changes to their positions in FLUX. Jane Street Group LLC acquired a new position in Flux Power during the 3rd quarter worth $127,000. Marshall Wace LLP acquired a new stake in shares of Flux Power in the fourth quarter valued at $138,000. Renaissance Technologies LLC acquired a new stake in shares of Flux Power in the fourth quarter valued at $197,000. Morgan Stanley lifted its holdings in shares of Flux Power by 469.1% in the third quarter. Morgan Stanley now owns 94,356 shares of the company’s stock valued at $480,000 after buying an additional 77,775 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Flux Power in the third quarter valued at $554,000. Institutional investors own 57.58% of the company’s stock.

Flux Power Company Profile (Get Rating)

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the United States. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.

See Also

Earnings History for Flux Power (NASDAQ:FLUX)

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