NASDAQ:OFLXOmega Flex Stock Price, Forecast & News

$102.30

-0.70 (-0.68 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$102.11

Now: $102.30▼

$106.60

50-Day Range

$77.80

MA: $90.33▼

$110.88

52-Week Range

$50.38

Now: $102.30▼

$119.89

Volume11,130 shs

Average Volume8,493 shs

Market Capitalization$1.03 billion

P/E Ratio60.18

Dividend Yield1.09%

Beta0.73

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.

Beat the Market (BTM) Rank^™

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 179 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Omega Flex has received 137 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Omega Flex has received 56.65% “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.

1.7 Dividend Strength

Dividend Leadership
Omega Flex is a leading dividend payer. It pays a dividend yield of 1.09%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Omega Flex has only been increasing its dividend for 2 years.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Omega Flex insiders have not sold or bought any company stock.
Percentage Held by Insiders
45.02% 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 32.28% 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 60.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Omega Flex is 60.18, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.46.
Price to Book Value per Share Ratio
Omega Flex has a P/B Ratio of 26.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.09 out of 5 stars

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

Debt

Debt-to-Equity Ratio0.01

Current Ratio2.83

Quick Ratio2.08

Price-To-Earnings

Trailing P/E Ratio60.18

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$111.36 million

Price / Sales9.27

Cash Flow$1.77 per share

Price / Cash Flow57.74

Book Value$3.86 per share

Price / Book26.50

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$17.29 million

Net Margins15.70%

Return on Equity31.92%

Return on Assets23.13%

Miscellaneous

Employees151

Outstanding Shares10,090,000

Market Cap$1.03 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableNot Optionable

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Omega Flex (NASDAQ:OFLX) Frequently Asked Questions

How has Omega Flex's stock been impacted by COVID-19 (Coronavirus)?

Omega Flex's stock was trading at $68.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, OFLX stock has increased by 50.4% and is now trading at $102.30. View which stocks have been most impacted by Coronavirus.

When is Omega Flex's next earnings date?

Omega Flex is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Omega Flex.

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) announced its quarterly earnings data on Thursday, April, 16th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter. The industrial products company had revenue of $25.27 million for the quarter. Omega Flex had a net margin of 15.70% and a return on equity of 31.92%. View Omega Flex's earnings history.

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

Omega Flex declared a quarterly dividend on Wednesday, April 1st. Investors of record on Monday, April 13th will be paid a dividend of $0.28 per share on Friday, April 17th. This represents a $1.12 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 9th. View Omega Flex's dividend history.

Has Omega Flex been receiving favorable news coverage?

News stories about OFLX stock have trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Omega Flex earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutOmega Flex.

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), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all 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 ONEOK (OKE), Exxon Mobil (XOM), AbbVie (ABBV), Boeing (BA), Franklin Resources (BEN), Carnival (CCL), CenterPoint Energy (CNP), Enterprise Products Partners (EPD), General Motors (GM) and Harley-Davidson (HOG).

Who are Omega Flex's key executives?

Omega Flex's management team includes the following people:

Mr. Kevin R. Hoben, CEO & Chairman (Age 72)
Mr. Mark F. Albino, Pres, COO & Director (Age 66)
Mr. Paul J. Kane, VP of Fin., CFO & Principal Accounting Officer (Age 51)
Mr. Timothy P. Scanlan, Gen. Counsel & Corp. Sec. (Age 63)
Mr. Steven A. Treichel, Sr. VP of Corp. Devel. & Facilities Management (Age 68)

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 retail and institutional investors. Top institutional investors include Conestoga Capital Advisors LLC (3.48%), BlackRock Inc. (1.95%), State Street Corp (0.61%), Russell Investments Group Ltd. (0.52%), Geode Capital Management LLC (0.52%) and Ranger Investment Management L.P. (0.45%). View institutional ownership trends for Omega Flex.

Which institutional investors are selling Omega Flex stock?

OFLX stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Bank of New York Mellon Corp, UBS Group AG, and Deutsche Bank AG. View insider buying and selling activity for Omega Flex.

Which institutional investors are buying Omega Flex stock?

OFLX stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., GSA Capital Partners LLP, Morgan Stanley, Morgan Stanley, AQR Capital Management LLC, Conestoga Capital Advisors LLC, and Comerica Bank. View insider buying and selling activity for Omega Flex.

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 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 $102.30.

How big of a company is Omega Flex?

Omega Flex has a market capitalization of $1.03 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 5/30/2020 by MarketBeat.com Staff