Flowserve Corp (FLS) Announces Quarterly Dividend of $0.42
Flowserve Corp (NYSE:FLS) announced a quarterly dividend on Friday, February 22nd. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.42 per share on Friday, April 12th. This represents a $1.68 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, March 26th. This is a boost from Flowserve Corp’s previous quarterly dividend of $0.36.
A number of research firms have also recently commented on FLS. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Flowserve Corp in a research note to investors on Friday, February 1st. They now have a $178.00 price target on the stock, up previously from $177.00. On the ratings front, analysts at UBS AG downgraded shares of Flowserve Corp from a “buy” rating to a “neutral” rating in a research note to investors on Friday, February 1st. They now have a $160.00 price target on the stock, up previously from $152.00. Finally, analysts at RBC Capital raised their price target on shares of Flowserve Corp from $154.00 to $175.00 in a research note to investors on Monday, January 28th. They now have an “outperform” rating on the stock.
Eight research analysts have rated the stock with a buy rating, two have given an overweight rating, and five have assigned a hold rating to the stock. Flowserve Corp presently has a consensus rating of “overweight” and a consensus target price of $169.54.
Shares of Flowserve Corp (FLS) traded up 3.50% during mid-day trading on Friday, hitting $161.30. Flowserve Corp (FLS) has a one year low of $98.41 and a one year high of $160.92. The stock’s 50-day moving average is currently $156.0. The company has a market cap of $8.062 billion and a P/E ratio of 19.52.
Flowserve Corp last announced its earnings results on Thursday, February 21st. The company reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Flowserve Corp has set its FY13 guidance at $9.60-10.60 EPS. On average, analysts predict that Flowserve Corp (FLS) will post $10.28 earnings per share for the current fiscal year.
Flowserve Corporation (Flowserve) is a manufacturer and aftermarket service provider of comprehensive flow control systems.
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