$0.42 Earnings Per Share Expected for Flowserve Corp (FLS) This Quarter
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.
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%.
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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