Equities research analysts predict that Flowserve Corp (NYSE:FLS) will announce earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Flowserve’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.36. Flowserve reported earnings per share of $0.37 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The company is scheduled to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Flowserve will report full-year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.77. For the next year, analysts expect that the business will report earnings of $2.10 per share, with EPS estimates ranging from $1.74 to $2.50. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Flowserve.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Flowserve had a negative net margin of 0.79% and a positive return on equity of 10.52%. The business had revenue of $973.13 million during the quarter, compared to the consensus estimate of $923.89 million. During the same quarter last year, the company earned $0.22 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year.

FLS has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $40.00 price target on shares of Flowserve in a research report on Friday, July 13th. Morgan Stanley initiated coverage on shares of Flowserve in a report on Monday, August 20th. They issued an “equal weight” rating and a $50.00 price objective for the company. ValuEngine raised shares of Flowserve from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. DA Davidson set a $42.00 price objective on shares of Flowserve and gave the stock a “hold” rating in a report on Monday, May 14th. Finally, Zacks Investment Research raised shares of Flowserve from a “sell” rating to a “hold” rating in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.27.

Shares of FLS stock traded up $0.17 during mid-day trading on Friday, reaching $52.63. 1,004,075 shares of the company were exchanged, compared to its average volume of 1,070,056. Flowserve has a fifty-two week low of $37.71 and a fifty-two week high of $53.29. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $6.86 billion, a P/E ratio of 38.70, a PEG ratio of 1.80 and a beta of 1.57.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Friday, September 21st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, September 20th. Flowserve’s dividend payout ratio is presently 55.88%.

Institutional investors have recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI bought a new stake in Flowserve in the second quarter valued at $131,000. Point72 Hong Kong Ltd bought a new stake in Flowserve in the second quarter valued at $163,000. Tower Research Capital LLC TRC bought a new stake in Flowserve in the second quarter valued at $174,000. Cigna Investments Inc. New bought a new stake in Flowserve in the first quarter valued at $205,000. Finally, D.A. Davidson & CO. bought a new stake in Flowserve in the second quarter valued at $216,000.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).

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