Summary
50.07 0.78(1.58%)09/13/2024
Omega Flex Inc (OFLX)
Omega Flex Inc (OFLX)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.58 | 7.49 | 8.61 | -14.76 | -31.76 | -39.04 | -45.65 | 543.47 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 50.07 | |
| Open | 50.01 | |
| High | 51.28 | |
| Low | 50.01 | |
| Volume | 15,092 | |
| Change | 0.78 | |
| Change % | 1.58 | |
| Avg Volume (20 Days) | 30,434 | |
| Volume/Avg Volume (20 Days) Ratio | 0.50 | |
| 52 Week Range | 44.42 - 87.86 | |
| Price vs 52 Week High | -43.01% | |
| Price vs 52 Week Low | 12.72% | |
| Range | 0.12 | |
| Gap Up/Down | 0.54 | |
Fundamentals | ||
| Market Capitalization (Mln) | 507 | |
| EBIDTA | 24,673,000 | |
| PE Ratio | 35.0785 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 0.00 | |
| Book Value | 7.8820 | |
| Earnings Per Share | 1.9100 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | 1.9100 | |
| Revenues | ||
| Profit Marging | 0.1803 | |
| Operating Marging (TTM) | 0.2006 | |
| Return on asset (TTM) | 0.1521 | |
| Return on equity (TTM) | 0.2499 | |
| Revenue TTM | 106,694,000 | |
| Revenue per share TTM | 10.5700 | |
| Quarterly Revenue Growth (YOY) | -0.1590 | |
| Quarterly Earnings Growth (YOY) | -0.2650 | |
| Gross Profit (TTM) | 78,305,000 | |
| Dividends | ||
| Dividend Share | 1.3200 | |
| Dividend Yield | 0.0197 | |
| Valuations | ||
| Trailing PE | 35.0785 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 8.8514 | |
| Revenue Enterprise Value | 5.8592 | |
| EBITDA Enterprise Value | 24.2805 | |
| Shares | ||
| Shares Outstanding | 10,094,300 | |
| Shares Float | 3,515,449 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.10 | |
| Insider (%) | 65.17 | |
| Institutions (%) | 36.72 | |
09/11 16:15 EST - globenewswire.com
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024
EXTON, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2024, to shareholders of record on September 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024
EXTON, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2024, to shareholders of record on September 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
08/31 18:00 EST - fool.com
A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 74% to Buy Now and Hold Forever
Omega Flex is a leader in flexible metal hose manufacturing. This niche is correlated to the U.S. housing market, meaning the last two years have been rough.
A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 74% to Buy Now and Hold Forever
Omega Flex is a leader in flexible metal hose manufacturing. This niche is correlated to the U.S. housing market, meaning the last two years have been rough.
08/01 14:31 EST - zacks.com
Omega Flex (OFLX) Q2 Earnings Flat Y/Y, Cost-Cutting Measures Aid
Omega Flex's (OFLX) Q2 EPS holds steady at 45 cents despite a 4.7% sales decline. Effective cost management helped mitigate the impact of lower unit volumes and market challenges.
Omega Flex (OFLX) Q2 Earnings Flat Y/Y, Cost-Cutting Measures Aid
Omega Flex's (OFLX) Q2 EPS holds steady at 45 cents despite a 4.7% sales decline. Effective cost management helped mitigate the impact of lower unit volumes and market challenges.
07/31 16:15 EST - globenewswire.com
Omega Flex, Inc. Announces Second Quarter 2024 Earnings
EXTON, Pa., July 31, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first six months of 2024 and 2023 were $49,836,000 and $55,822,000, respectively, decreasing $5,986,000 or 10.7%. Net Sales for the three months ended June 30, 2024 were 4.7% lower than for the second quarter of 2023. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.
Omega Flex, Inc. Announces Second Quarter 2024 Earnings
EXTON, Pa., July 31, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first six months of 2024 and 2023 were $49,836,000 and $55,822,000, respectively, decreasing $5,986,000 or 10.7%. Net Sales for the three months ended June 30, 2024 were 4.7% lower than for the second quarter of 2023. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.
06/20 12:06 EST - seekingalpha.com
10 Upcoming Dividend Increases
I highlight ten companies with a history of raising dividends this week. The list will complete not only June, but the first half of 2024. Dividend King National Fuel Gas Company extends its streak with a 4% increase.
10 Upcoming Dividend Increases
I highlight ten companies with a history of raising dividends this week. The list will complete not only June, but the first half of 2024. Dividend King National Fuel Gas Company extends its streak with a 4% increase.
06/13 16:30 EST - globenewswire.com
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024
EXTON, Pa., June 13, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on July 10, 2024, to shareholders of record on June 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024
EXTON, Pa., June 13, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on July 10, 2024, to shareholders of record on June 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
05/17 08:31 EST - zacks.com
Zacks Initiates Coverage of Omega Flex With Neutral Recommendation
Discover why Zacks gives Omega Flex a 'Neutral' rating, being the first on Wall Street to initiate coverage on the stock. Dive into OFLX's impact in the global construction boom and its strong financial footing, set against the backdrop of a competitive, flexible hose market.
Zacks Initiates Coverage of Omega Flex With Neutral Recommendation
Discover why Zacks gives Omega Flex a 'Neutral' rating, being the first on Wall Street to initiate coverage on the stock. Dive into OFLX's impact in the global construction boom and its strong financial footing, set against the backdrop of a competitive, flexible hose market.
05/01 16:15 EST - globenewswire.com
Omega Flex, Inc. Announces First Quarter 2024 Earnings
EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for the first quarters of 2024 and 2023 were $25,216,000 and $29,987,000, respectively, decreasing 15.9%. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.
Omega Flex, Inc. Announces First Quarter 2024 Earnings
EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for the first quarters of 2024 and 2023 were $25,216,000 and $29,987,000, respectively, decreasing 15.9%. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.
04/09 15:00 EST - globenewswire.com
Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea
EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee.
Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea
EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee.
04/05 16:30 EST - globenewswire.com
Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill
EXTON, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that Derek W. Glanvill, a Class 2 director, has resigned from the board of directors of the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well.
Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill
EXTON, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that Derek W. Glanvill, a Class 2 director, has resigned from the board of directors of the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well.
03/28 15:45 EST - globenewswire.com
Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024
EXTON, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024
EXTON, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
03/06 16:15 EST - globenewswire.com
Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings
EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for 2023 and 2022 were $111,465,000 and $125,487,000, respectively, decreasing 11.2%. Net sales for the fourth quarter of 2023 were 8.7% lower than during the same period in 2022. The decrease in net sales was mainly due to lower sales unit volumes as a result of the overall market continuing to be suppressed because of, among other factors, a decline in housing starts.
Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings
EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for 2023 and 2022 were $111,465,000 and $125,487,000, respectively, decreasing 11.2%. Net sales for the fourth quarter of 2023 were 8.7% lower than during the same period in 2022. The decrease in net sales was mainly due to lower sales unit volumes as a result of the overall market continuing to be suppressed because of, among other factors, a decline in housing starts.
01/22 11:59 EST - seekingalpha.com
Omega Flex: Becoming More Appealing, But Valuation Still Relatively High
Revenues increased in Q3 2023 after four quarters of consecutive declines. Margins also improved, and the company is highly profitable. The balance sheet is very robust and the company is debt-free.
Omega Flex: Becoming More Appealing, But Valuation Still Relatively High
Revenues increased in Q3 2023 after four quarters of consecutive declines. Margins also improved, and the company is highly profitable. The balance sheet is very robust and the company is debt-free.
01/05 05:47 EST - fool.com
1 Magnificent Dividend Stock Down 23% to Buy in 2024 and Hold Forever
Omega Flex is a leader in flexible metal hoses and piping. As dry as that sounds, its profitability and dividends prove far more exciting.
1 Magnificent Dividend Stock Down 23% to Buy in 2024 and Hold Forever
Omega Flex is a leader in flexible metal hoses and piping. As dry as that sounds, its profitability and dividends prove far more exciting.
12/27 14:22 EST - globenewswire.com
Omega Flex, Inc. Board and Organizational Changes
EXTON, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders.
Omega Flex, Inc. Board and Organizational Changes
EXTON, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders.
12/06 16:45 EST - globenewswire.com
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2023
EXTON, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on January 4, 2024, to shareholders of record on December 19, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2023
EXTON, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on January 4, 2024, to shareholders of record on December 19, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
10/18 16:15 EST - globenewswire.com
Omega Flex, Inc. Announces Third Quarter 2023 Earnings
EXTON, Pa., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first nine months of 2023 and 2022 were $83,318,000 and $94,670,000, respectively, decreasing $11,352,000 or 12.0%. Net Sales for the three months ended September 30, 2023 were 13.1% lower than the third quarter of 2022.
Omega Flex, Inc. Announces Third Quarter 2023 Earnings
EXTON, Pa., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first nine months of 2023 and 2022 were $83,318,000 and $94,670,000, respectively, decreasing $11,352,000 or 12.0%. Net Sales for the three months ended September 30, 2023 were 13.1% lower than the third quarter of 2022.
09/29 16:15 EST - globenewswire.com
Omega Flex, Inc. Announces Departure of a Director: Mark F. Albino
EXTON, Pa., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announces that Mark F. Albino has resigned from the board of directors of the Company, effective September 30, 2023. Since the Company became publicly traded in 2005, Mr. Albino was instrumental in its growth and strategy. He served as a director for over 27 years, and as our chief operating officer until his retirement in May 2022. While Mr. Albino believes that his retirement as a director followed naturally upon his retirement as chief operating officer, he informed our chief executive officer that he will continue to be available for consultation. We thank Mr. Albino for his tremendous contributions and wish him all the best in his retirement.
Omega Flex, Inc. Announces Departure of a Director: Mark F. Albino
EXTON, Pa., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announces that Mark F. Albino has resigned from the board of directors of the Company, effective September 30, 2023. Since the Company became publicly traded in 2005, Mr. Albino was instrumental in its growth and strategy. He served as a director for over 27 years, and as our chief operating officer until his retirement in May 2022. While Mr. Albino believes that his retirement as a director followed naturally upon his retirement as chief operating officer, he informed our chief executive officer that he will continue to be available for consultation. We thank Mr. Albino for his tremendous contributions and wish him all the best in his retirement.
09/11 13:00 EST - globenewswire.com
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2023
EXTON, Pa., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on October 6, 2023, to shareholders of record on September 25, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2023
EXTON, Pa., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on October 6, 2023, to shareholders of record on September 25, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.
08/23 05:27 EST - seekingalpha.com
Omega Flex: Boring Stock Facing Temporary Headwinds, But Valuation Still High
Omega Flex has seen a significant reduction in volumes due to deteriorating demand for new construction projects. The company remains highly profitable as margins are high. Demand is expected to remain weak, but headwinds are likely temporary as they are directly linked to the current macroeconomic landscape.
Omega Flex: Boring Stock Facing Temporary Headwinds, But Valuation Still High
Omega Flex has seen a significant reduction in volumes due to deteriorating demand for new construction projects. The company remains highly profitable as margins are high. Demand is expected to remain weak, but headwinds are likely temporary as they are directly linked to the current macroeconomic landscape.