Flowserve (FLS) Set to Announce Earnings on Monday

Flowserve (NYSE:FLS) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect Flowserve to post earnings of $0.46 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Flowserve had a return on equity of 14.44% and a net margin of 4.32%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, analysts expect Flowserve to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flowserve Stock Performance

Shares of NYSE FLS opened at $46.76 on Friday. The stock has a fifty day moving average price of $44.96 and a two-hundred day moving average price of $41.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.27 and a current ratio of 1.88. The firm has a market cap of $6.14 billion, a P/E ratio of 33.16, a PEG ratio of 1.32 and a beta of 1.46. Flowserve has a 1 year low of $32.37 and a 1 year high of $48.31.

Flowserve Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.21 per share. This is a positive change from Flowserve’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Flowserve’s dividend payout ratio (DPR) is presently 59.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on Flowserve from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Mizuho increased their price target on Flowserve from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird increased their price objective on Flowserve from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Royal Bank of Canada increased their price objective on Flowserve from $43.00 to $46.00 and gave the company a “sector perform” rating in a research report on Thursday, February 22nd. Finally, Citigroup increased their price objective on Flowserve from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Flowserve presently has a consensus rating of “Hold” and an average target price of $48.25.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.