NASDAQ:OFLX

Omega Flex Stock Forecast, Price & News

$150.71

+0.71 (+0.47 %)

(As of 01/22/2021 12:00 AM ET)

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Today's Range

$145.19

Now: $150.71▼

$151.13

50-Day Range

$145.10

MA: $156.06▼

$171.60

52-Week Range

$50.38

Now: $150.71▼

$183.00

Volume13,500 shs

Average Volume7,700 shs

Market Capitalization$1.52 billion

P/E Ratio83.27

Dividend Yield0.75%

Beta0.51

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. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its Website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was founded in 1975 and is based in Exton, Pennsylvania.

MarketRank^™

Overall MarketRank^™

0.73 out of 5 stars

Industrial Products Sector

249th out of 397 stocks

Heating Equipment, Except Electric & Warm Air; & Plumbing Fixtures Industry

3rd out of 3 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Omega Flex.

2.8 Community Rank

Outperform Votes
Omega Flex has received 184 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Omega Flex has received 146 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Omega Flex has received 55.76% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Omega Flex and other stocks. Vote “Outperform” if you believe OFLX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OFLX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Omega Flex has a dividend yield of 0.75%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Omega Flex has only been increasing its dividend for 1 years.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Omega Flex insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $111,612.00 in company stock.
Percentage Held by Insiders
45.01% of the stock of Omega Flex is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 33.70% of the stock of Omega Flex is held by institutions.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Omega Flex is 83.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Omega Flex is 83.27, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 40.83.
Price to Book Value per Share Ratio
Omega Flex has a P/B Ratio of 40.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Heating equipment, except electric & warm air; & plumbing fixtures

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNASDAQ:OFLX

Previous Symbol

CUSIP68209510

CIK1317945

Webwww.omegaflexcorp.com

Phone610-524-7272

Employees151

Debt

Debt-to-Equity RatioN/A

Current Ratio2.72

Quick Ratio2.09

Price-To-Earnings

Trailing P/E Ratio83.27

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$111.36 million

Price / Sales13.66

Cash Flow$1.82 per share

Price / Cash Flow82.86

Book Value$3.72 per share

Price / Book40.51

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$17.29 million

Net Margins17.60%

Return on Equity46.30%

Return on Assets30.37%

Miscellaneous

Outstanding Shares10,094,000

Market Cap$1.52 billion

Next Earnings Date2/11/2021 (Estimated)

OptionableNot Optionable

$150.71

+0.71 (+0.47 %)

(As of 01/22/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Omega Flex (NASDAQ:OFLX) Frequently Asked Questions

How has Omega Flex's stock been impacted by Coronavirus?

Omega Flex's stock was trading at $68.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, OFLX shares have increased by 121.6% and is now trading at $150.71.
View which stocks have been most impacted by COVID-19.

What stocks does MarketBeat like better than Omega Flex?

Wall Street analysts have given Omega Flex a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Omega Flex wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Omega Flex's CEO?

1,448 employees have rated Omega Flex CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Omega Flex's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Omega Flex's next earnings date?

Omega Flex is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Omega Flex.

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) issued its earnings results on Thursday, April, 16th. The industrial products company reported $0.43 earnings per share for the quarter. The industrial products company earned $25.27 million during the quarter. Omega Flex had a net margin of 17.60% and a return on equity of 46.30%.
View Omega Flex's earnings history.

How often does Omega Flex pay dividends? What is the dividend yield for Omega Flex?

Omega Flex announced a quarterly dividend on Friday, December 11th. Stockholders of record on Monday, December 21st will be paid a dividend of $0.28 per share on Tuesday, January 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 18th.
View Omega Flex's dividend history.

Is Omega Flex a good dividend stock?

Omega Flex pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.75%.
View Omega Flex's dividend history.

Who are some of Omega Flex's key competitors?

Some companies that are related to Omega Flex include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Ingersoll Rand (IR), Xylem (XYL), Dover (DOV), IDEX (IEX), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Woodward (WWD), The Middleby (MIDD) and Donaldson (DCI).
View all of OFLX's competitors.

What other stocks do shareholders of Omega Flex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Omega Flex investors own include Exxon Mobil (XOM), AbbVie (ABBV), The Boeing (BA), Eastman Chemical (EMN), General Motors (GM), Harley-Davidson (HOG), International Paper (IP), JPMorgan Chase & Co. (JPM), Altria Group (MO) and ONEOK (OKE).

Who are Omega Flex's key executives?

Omega Flex's management team includes the following people:

Mr. Kevin R. Hoben, CEO & Chairman (Age 74, Pay $2M)
Mr. Mark F. Albino, Pres, COO & Director (Age 68, Pay $1.73M)
Mr. Paul J. Kane, VP of Fin., CFO & Principal Accounting Officer (Age 53, Pay $321.63k)
Mr. Timothy P. Scanlan, Gen. Counsel & Corp. Sec. (Age 65, Pay $396.46k)
Mr. Steven A. Treichel, Sr. VP of Corp. Devel. & Facilities Management (Age 70, Pay $550.49k)
Mr. Matthew F. Unger, Financial Controller

What is Omega Flex's stock symbol?

Omega Flex trades on the NASDAQ under the ticker symbol "OFLX."

Who are Omega Flex's major shareholders?

Omega Flex's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bennett Selby Investments LP (0.08%).
View institutional ownership trends for Omega Flex.

Which major investors are buying Omega Flex stock?

OFLX stock was purchased by a variety of institutional investors in the last quarter, including Bennett Selby Investments LP.
View insider buying and selling activity for Omega Flex or or view top insider-buying stocks.

How do I buy shares of Omega Flex?

Shares of OFLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Omega Flex's stock price today?

One share of OFLX stock can currently be purchased for approximately $150.71.

How big of a company is Omega Flex?

Omega Flex has a market capitalization of $1.52 billion and generates $111.36 million in revenue each year. Omega Flex employs 151 workers across the globe.

What is Omega Flex's official website?

The official website for Omega Flex is www.omegaflexcorp.com.

How can I contact Omega Flex?

Omega Flex's mailing address is 451 CREAMERY WAY, EXTON PA, 19341. The industrial products company can be reached via phone at 610-524-7272.

This page was last updated on 1/23/2021 by MarketBeat.com Staff

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