How have OFLX shares performed in 2024?

Omega Flex's stock was trading at $70.51 at the beginning of the year. Since then, OFLX stock has decreased by 3.1% and is now trading at $68.35. View the best growth stocks for 2024 here .

When is Omega Flex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024. View our OFLX earnings forecast .

How were Omega Flex's earnings last quarter?

Omega Flex, Inc. (NASDAQ:OFLX) issued its quarterly earnings data on Wednesday, March, 6th. The industrial products company reported $0.48 earnings per share for the quarter. The industrial products company had revenue of $28.15 million for the quarter. Omega Flex had a net margin of 18.63% and a trailing twelve-month return on equity of 27.24%.

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

Omega Flex announced a quarterly dividend on Thursday, March 28th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.33 per share on Wednesday, April 24th. This represents a $1.32 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 9th. Read our dividend analysis for OFLX .

Is Omega Flex a good dividend stock?

Omega Flex (NASDAQ:OFLX) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.93%. 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 64.39%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for OFLX .

What is Kevin R. Hoben's approval rating as Omega Flex's CEO?

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.

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) , Boeing (BA) , Eastman Chemical (EMN) , General Motors (GM) , Harley-Davidson (HOG) , International Paper (IP) , JPMorgan Chase & Co. (JPM) , Altria Group (MO) and ONEOK (OKE) .

How do I buy shares of Omega Flex?

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

NASDAQ:OFLX

Omega Flex (OFLX) Stock Price, News & Analysis

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$68.35

-0.20 (-0.29%)

(As of 04/15/2024 ET)

Compare

Today's Range: $67.86
▼
$68.35
50-Day Range: $67.85
▼
$74.61
52-Week Range: $63.43
▼
$117.63

Volume: 6,137 shs
Average Volume: 7,680 shs
Market Capitalization: $689.65 million

P/E Ratio: 33.34
Dividend Yield: 1.93%
Price Target: N/A

Get Omega Flex alerts:

Omega Flex MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
7.70% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.70
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.55 out of 5 stars

Industrial Products Sector

162nd out of 168 stocks

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

3rd out of 3 stocks

N/A

Analyst's Opinion

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

2.0

Short Interest

Percentage of Shares Shorted
7.70% of the float of Omega Flex has been sold short.
Short Interest Ratio / Days to Cover
Omega Flex has a short interest ratio ("days to cover") of 29, which indicates bearish sentiment.
Change versus previous month
Short interest in Omega Flex has recently decreased by 5.89%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Omega Flex pays a meaningful dividend of 1.93%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Omega Flex has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Omega Flex is 64.39%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OFLX.

2.1

News and Social Media Coverage

News Sentiment
Omega Flex has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Omega Flex this week, compared to 1 article on an average week.

1.7

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
67.10% 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 36.06% of the stock of Omega Flex is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Omega Flex is 33.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Omega Flex is 33.34, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.81.
Price to Book Value per Share Ratio
Omega Flex has a P/B Ratio of 8.75. 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

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About Omega Flex Stock (NASDAQ:OFLX)

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; 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, fabricating distributors, wholesalers, 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 incorporated in 1975 and is based in Exton, Pennsylvania.

OFLX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OFLX Stock News Headlines

April 10, 2024 | uk.investing.com

Omega Flex appoints Stephen Shea as new director

April 10, 2024 | americanbankingnews.com

Omega Flex (NASDAQ:OFLX) Shares Cross Below 200 Day Moving Average of $72.95

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

April 9, 2024 | globenewswire.com

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea

April 7, 2024 | investing.com

Omega Flex director Derek Glanvill steps down

April 7, 2024 | msn.com

Omega Flex Announces Board Member Resignation

April 5, 2024 | globenewswire.com

Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill

April 1, 2024 | msn.com

Omega Flex Announces Quarterly Dividend Payout

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

March 28, 2024 | globenewswire.com

Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024

March 7, 2024 | investorplace.com

OFLX Stock Earnings: Omega Flex Reported Results for Q4 2023

March 6, 2024 | globenewswire.com

Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings

March 5, 2024 | msn.com

Daniel Craig's Mysterious White Dial Omega Speedmaster Just Dropped

March 3, 2024 | finance.yahoo.com

Omega Flex (NASDAQ:OFLX) shareholders have endured a 53% loss from investing in the stock three years ago

March 2, 2024 | msn.com

The 7 Best Watch Flexes of the Week, From Jay-Z's Tiffany-Stamped Patek to James Marsden's Smoldering Omega

February 29, 2024 | benzinga.com

Sell Alert: Edwin Moran Cashes Out $52K In Omega Flex Stock

February 27, 2024 | money.usnews.com

Omega Flex Inc

February 10, 2024 | wsj.com

Omega Flex Inc.

February 5, 2024 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About Omega Flex, Inc. (NASDAQ:OFLX)?

January 22, 2024 | seekingalpha.com

Omega Flex: Becoming More Appealing, But Valuation Still Relatively High

December 27, 2023 | marketwatch.com

Omega Flex Taps Rivest as CEO With Hoben to Become Executive Chairman

December 27, 2023 | finance.yahoo.com

Omega Flex, Inc. Board and Organizational Changes

December 18, 2023 | finance.yahoo.com

Omega Flex Inc's Dividend Analysis

December 16, 2023 | msn.com

Omega Strikers Best Goalkeeper

December 13, 2023 | finance.yahoo.com

Omega Flex, Inc. (NASDAQ:OFLX) Is About To Go Ex-Dividend, And It Pays A 1.7% Yield

December 6, 2023 | finance.yahoo.com

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2023

November 18, 2023 | morningstar.com

Omega Flex Inc OFLX

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Ex-Dividend for 4/24 Dividend: 4/09/2024
Today: 4/16/2024
Next Earnings (Estimated): 4/17/2024
Dividend Payable: 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Industrial Products
Industry: Heating equipment, except electric & warm air; & plumbing fixtures
Sub-Industry: Industrial Machinery
Current Symbol: NASDAQ:OFLX
CUSIP: 68209510
CIK: 1317945
Web: www.omegaflexcorp.com
Phone: (610) 524-7272
Fax: 610-524-7282
Employees: 168
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.05
Trailing P/E Ratio: 33.34
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $20.76 million
Net Margins: 18.63%
Pretax Margin: 24.71%
Return on Equity: 27.24%
Return on Assets: 21.60%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.43
Quick Ratio: 3.57

Sales & Book Value

Annual Sales: $111.46 million
Price / Sales: 6.19
Cash Flow: $2.16 per share
Price / Cash Flow: 31.65
Book Value: $7.81 per share
Price / Book: 8.75

Miscellaneous

Outstanding Shares: 10,090,000
Free Float: 3,321,000
Market Cap: $689.65 million
Optionable: Not Optionable
Beta: 0.37

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Key Executives

Mr. Kevin R. Hoben (Age 77)
Executive Chairman
Comp: $2.6M
Mr. Dean W. Rivest (Age 53)
CEO & Director
Comp: $788.7k
Mr. Edwin B. Moran (Age 56)
President & Director
Comp: $601.74k
Mr. Matthew F. Unger CPA (Age 57)
VP of Finance & CFO
Comp: $330.52k
Ms. Susan B. Asch (Age 56)
VP, General Counsel & Secretary
Mr. Steven A. Treichel (Age 73)
Senior Vice President of Corporate Development & Facilities Management
Comp: $550.49k
Luke S. Hawk
Financial Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

OFLX Stock Analysis - Frequently Asked Questions

How have OFLX shares performed in 2024?: Omega Flex's stock was trading at $70.51 at the beginning of the year. Since then, OFLX stock has decreased by 3.1% and is now trading at $68.35.
View the best growth stocks for 2024 here.
When is Omega Flex's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our OFLX earnings forecast.
How were Omega Flex's earnings last quarter?: Omega Flex, Inc. (NASDAQ:OFLX) issued its quarterly earnings data on Wednesday, March, 6th. The industrial products company reported $0.48 earnings per share for the quarter. The industrial products company had revenue of $28.15 million for the quarter. Omega Flex had a net margin of 18.63% and a trailing twelve-month return on equity of 27.24%.
How often does Omega Flex pay dividends? What is the dividend yield for Omega Flex?: Omega Flex announced a quarterly dividend on Thursday, March 28th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.33 per share on Wednesday, April 24th. This represents a $1.32 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 9th.
Read our dividend analysis for OFLX.

Is Omega Flex a good dividend stock?: Omega Flex (NASDAQ:OFLX) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.93%. 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 64.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OFLX.
What is Kevin R. Hoben's approval rating as Omega Flex's CEO?: 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.
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), Boeing (BA), Eastman Chemical (EMN), General Motors (GM), Harley-Davidson (HOG), International Paper (IP), JPMorgan Chase & Co. (JPM), Altria Group (MO) and ONEOK (OKE).
How do I buy shares of Omega Flex?: Shares of OFLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:OFLX) was last updated on 4/16/2024 by MarketBeat.com Staff

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