Flowserve Corp. (FLS) Set to Announce Earnings on Wednesday
Flowserve Corp. (NYSE:FLS) is scheduled to be posting its Q413 quarterly earnings results on Wednesday, February 19th. Analysts expect Flowserve Corp. to post earnings of $1.02 per share and revenue of $1.39 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of Flowserve Corp. (NYSE:FLS) opened at 76.44 on Tuesday. Flowserve Corp. has a 1-year low of $50.0033 and a 1-year high of $78.89. The stock’s 50-day moving average is $75.23 and its 200-day moving average is $67.21. The company has a market cap of $10.661 billion and a price-to-earnings ratio of 22.79.
FLS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Flowserve Corp. in a research note on Friday, January 24th. They now have a $80.00 price target on the stock. On a related note, analysts at Jefferies Group upgraded shares of Flowserve Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. They now have a $93.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Flowserve Corp. in a research note on Tuesday, January 7th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flowserve Corp. currently has an average rating of “Buy” and a consensus price target of $98.10.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufacture precision-engineered flows control equipment integral to the movement, control and protection of the flow of materials in its customers’ critical processes.
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