Flowserve Corp Plans Quarterly Dividend of $0.16 (FLS)
Flowserve Corp (NYSE:FLS) announced a quarterly dividend on Thursday, June 5th, StockRatingsNetwork.com reports. Stockholders of record on Friday, June 27th will be paid a dividend of 0.16 per share on Friday, July 11th. This represents a $0.64 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, June 25th.
A number of analysts have recently weighed in on FLS shares. Analysts at Robert W. Baird raised their price target on shares of Flowserve Corp from $90.00 to $92.00 in a research note on Friday, April 11th. They now have an “outperform” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Flowserve Corp in a research note on Friday, April 4th. They now have a $83.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Flowserve Corp currently has a consensus rating of “Buy” and a consensus price target of $81.60.
Flowserve Corp (NYSE:FLS) traded up 0.88% during mid-day trading on Thursday, hitting $74.89. The stock had a trading volume of 822,305 shares. Flowserve Corp has a 1-year low of $50.90 and a 1-year high of $82.24. The stock has a 50-day moving average of $74.90 and a 200-day moving average of $75.4. The company has a market cap of $10.285 billion and a P/E ratio of 21.05.
Flowserve Corp (NYSE:FLS) last announced its earnings results on Wednesday, April 23rd. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $2.01 earnings per share. Flowserve Corp’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Flowserve Corp will post $3.92 earnings per share for the current fiscal year.
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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