Flux Power (FLUX) Set to Announce Quarterly Earnings on Thursday

Flux Power (NASDAQ:FLUX) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Flux Power to post earnings of ($0.11) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $18.34 million during the quarter, compared to the consensus estimate of $18.02 million. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. On average, analysts expect Flux Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flux Power Trading Up 0.8 %

Shares of FLUX opened at $4.95 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $4.44 and its 200-day moving average is $4.19. Flux Power has a 12-month low of $2.97 and a 12-month high of $5.86.

Analysts Set New Price Targets

Several research analysts have issued reports on FLUX shares. Roth Capital restated a “buy” rating on shares of Flux Power in a research report on Wednesday, March 6th. Craig Hallum started coverage on Flux Power in a research note on Tuesday, April 23rd. They set a “buy” rating and a $10.00 price objective for the company. Finally, Roth Mkm started coverage on Flux Power in a research report on Wednesday, March 6th. They set a “buy” rating and a $10.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $9.67.

About Flux Power

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 North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.