Greenridge Global Brokers Cut Earnings Estimates for Flexible Solutions International, Inc. (NYSE:FSI)

Flexible Solutions International, Inc. (NYSE:FSI) – Analysts at Greenridge Global dropped their Q3 2024 earnings per share (EPS) estimates for shares of Flexible Solutions International in a research note issued to investors on Monday, August 19th. Greenridge Global analyst W. Gregozeski now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for Flexible Solutions International’s current full-year earnings is $0.29 per share. Greenridge Global also issued estimates for Flexible Solutions International’s Q4 2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.32 EPS.

Separately, StockNews.com assumed coverage on Flexible Solutions International in a report on Sunday. They set a “hold” rating on the stock.

Flexible Solutions International Trading Down 1.4 %

Flexible Solutions International stock opened at $2.88 on Tuesday. Flexible Solutions International has a 52-week low of $1.36 and a 52-week high of $3.14. The company has a quick ratio of 1.85, a current ratio of 2.73 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $35.86 million, a price-to-earnings ratio of 15.16 and a beta of 1.47. The firm has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $2.03.

Flexible Solutions International (NYSE:FSI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $10.53 million during the quarter, compared to the consensus estimate of $10.34 million. Flexible Solutions International had a net margin of 6.23% and a return on equity of 6.24%.

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC lifted its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned about 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent reporting period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.