Omega Flex (NASDAQ:OFLX) Announces Quarterly Earnings Results

Omega Flex (NASDAQ:OFLX) released its earnings results on Thursday. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The business had revenue of $28.03 million for the quarter. Omega Flex had a net margin of 16.07% and a return on equity of 25.75%.

OFLX opened at $90.85 on Friday. Omega Flex has a 1-year low of $51.02 and a 1-year high of $102.65. The company has a current ratio of 4.52, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $940.29 million, a P/E ratio of 53.23 and a beta of 0.87. The company has a fifty day moving average price of $94.34 and a two-hundred day moving average price of $84.48.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 20th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.12 annualized dividend and a yield of 1.23%.

Separately, BidaskClub upgraded shares of Omega Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 14th.

About Omega Flex

Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.

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Earnings History for Omega Flex (NASDAQ:OFLX)

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