Flexible Solutions International, Inc. (FSI) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Flexible Solutions International, Inc. (NYSEMKT:FSI) released its quarterly earnings data on Monday. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02, Morningstar.com reports. Flexible Solutions International had a net margin of 69.74% and a return on equity of 92.38%. The firm had revenue of $4.72 million during the quarter, compared to analysts’ expectations of $4.27 million.

Shares of Flexible Solutions International (FSI) opened at 1.95 on Tuesday. The firm’s 50 day moving average is $1.90 and its 200-day moving average is $1.75. Flexible Solutions International has a 12 month low of $1.20 and a 12 month high of $2.58. The firm has a market capitalization of $22.35 million, a PE ratio of 5.19 and a beta of 0.99.

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC raised its position in Flexible Solutions International, Inc. (NYSEMKT:FSI) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 337,700 shares of the basic materials company’s stock after buying an additional 88,500 shares during the period. Renaissance Technologies LLC owned approximately 2.95% of Flexible Solutions International worth $449,000 at the end of the most recent quarter.

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Several research firms recently issued reports on FSI. Zacks Investment Research cut shares of Flexible Solutions International from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. TheStreet cut shares of Flexible Solutions International from a “b-” rating to a “c+” rating in a research report on Thursday, June 8th.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc develops, manufactures and markets specialty chemicals, which slow the evaporation of water. The Company operates through two segments: Energy and water conservation products (EWCP), and Biodegradable polymers (BCPAs). The Company’s Energy and water conservation products segment consists of liquid swimming pool blanket, which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket, which is designed to be used in still or slow moving drinking water sources.

Earnings History for Flexible Solutions International (NYSEMKT:FSI)

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