Flux Power (FLUX) to Release Earnings on Thursday

Flux Power (NASDAQ:FLUX – Get Rating) will be announcing its earnings results after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Flux Power (NASDAQ:FLUX – Get Rating) last posted its earnings results on Thursday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). The business had revenue of $7.69 million during the quarter, compared to analyst estimates of $7.94 million. Flux Power had a negative net margin of 50.09% and a negative return on equity of 87.33%. During the same quarter last year, the firm 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.

NASDAQ FLUX opened at $2.62 on Thursday. The stock has a market capitalization of $41.90 million, a PE ratio of -2.52 and a beta of 1.01. The company has a 50 day moving average price of $2.54 and a two-hundred 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 analysts have issued reports on FLUX shares. Zacks Investment Research upgraded shares of Flux Power from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Maxim Group reduced their target price on shares of Flux Power from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 11th.

Several institutional investors have recently modified their holdings of the company. Toroso Investments LLC lifted its stake in shares of Flux Power by 114.4% in the fourth quarter. Toroso Investments LLC now owns 231,520 shares of the company’s stock worth $993,000 after buying an additional 123,519 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Flux Power in the third quarter worth $554,000. Morgan Stanley lifted its stake in shares of Flux Power by 469.1% in the third quarter. Morgan Stanley now owns 94,356 shares of the company’s stock worth $480,000 after buying an additional 77,775 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Flux Power in the fourth quarter worth $197,000. Finally, Marshall Wace LLP acquired a new stake in shares of Flux Power in the fourth quarter worth $138,000. Institutional investors and hedge funds own 57.58% of the company’s stock.

About Flux Power (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.

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