Equities analysts expect that Flowserve Corp (NYSE:FLS) will post earnings per share of $0.42 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Flowserve’s earnings, with estimates ranging from $0.36 to $0.46. Flowserve reported earnings of $0.37 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The business is expected to announce its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Flowserve will report full year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.77. For the next year, analysts anticipate that the business will post earnings of $2.12 per share, with EPS estimates ranging from $1.74 to $2.50. Zacks’ EPS calculations are an average based on a survey of research firms that cover Flowserve.

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

Several equities analysts have recently weighed in on FLS shares. Zacks Investment Research raised Flowserve from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, September 11th. BMO Capital Markets lifted their price objective on Flowserve from $42.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 9th. Northcoast Research reaffirmed a “neutral” rating on shares of Flowserve in a research note on Thursday, August 9th. Oppenheimer reaffirmed a “hold” rating on shares of Flowserve in a research note on Wednesday, August 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price objective (up from $43.00) on shares of Flowserve in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Flowserve presently has a consensus rating of “Hold” and a consensus price target of $49.23.

Institutional investors have recently added to or reduced their stakes in the stock. Zurich Insurance Group Ltd FI acquired a new position in Flowserve during the 2nd quarter worth approximately $131,000. Visionary Asset Management Inc. acquired a new position in Flowserve during the 3rd quarter worth approximately $218,000. Point72 Hong Kong Ltd acquired a new position in Flowserve during the 2nd quarter worth approximately $163,000. Tower Research Capital LLC TRC acquired a new position in Flowserve during the 2nd quarter worth approximately $174,000. Finally, Marshwinds Advisory Co. acquired a new position in Flowserve during the 3rd quarter worth approximately $246,000.

NYSE FLS opened at $50.04 on Friday. The stock has a market capitalization of $7.16 billion, a PE ratio of 36.79, a PEG ratio of 1.87 and a beta of 1.53. Flowserve has a 1-year low of $37.71 and a 1-year high of $56.86. 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 business also recently declared a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 21st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, September 20th. Flowserve’s dividend payout ratio (DPR) is presently 55.88%.

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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Earnings History and Estimates for Flowserve (NYSE:FLS)

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