Omega Flex (OFLX) Stock Forecast, Price & News

Omega Flex's stock was trading at $93.32 at the start of the year. Since then, OFLX stock has decreased by 14.2% and is now trading at $80.10.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our OFLX earnings forecast.

Omega Flex, Inc. (NASDAQ:OFLX) announced its earnings results on Wednesday, July, 19th. The industrial products company reported $0.45 earnings per share for the quarter. The industrial products company had revenue of $25.84 million for the quarter. Omega Flex had a net margin of 19.46% and a trailing twelve-month return on equity of 31.97%.

Omega Flex declared a quarterly dividend on Monday, September 11th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.33 per share on Friday, October 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, September 22nd.
Read our dividend analysis for OFLX.

Omega Flex (NASDAQ:OFLX) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.66%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 57.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OFLX.

3 employees have rated Omega Flex Chief Executive Officer Kevin R. Hoben on Glassdoor.com. Kevin R. Hoben has an approval rating of 53% among the company's employees. This puts Kevin R. Hoben in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

Omega Flex's stock is owned by many different retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (11.03%), Conestoga Capital Advisors LLC (3.49%), BlackRock Inc. (3.00%), Dimensional Fund Advisors LP (2.53%), Portside Wealth Group LLC (1.11%) and Geode Capital Management LLC (0.75%). Insiders that own company stock include Derek Glanvill, Mark F Albino and Stewart B Reed.
View institutional ownership trends.

Shares of OFLX stock 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.
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One share of OFLX stock can currently be purchased for approximately $80.10.

Omega Flex (NASDAQ:OFLX) has a market capitalization of $808.53 million and generates $118.27 million in revenue each year. The industrial products company earns $23.62 million in net income (profit) each year or $2.28 on an earnings per share basis.

The company employs 177 workers across the globe.

Omega Flex's mailing address is 451 CREAMERY WAY, EXTON PA, 19341. The official website for the company is www.omegaflexcorp.com. The industrial products company can be reached via phone at (610) 524-7272 or via fax at 610-524-7282.