Flowserve Corp (FLS) Plans Quarterly Dividend of $0.16
Flowserve Corp (NYSE:FLS) declared a quarterly dividend on Tuesday, August 19th, AnalystRatingsNetwork reports. Stockholders of record on Friday, September 26th will be given a dividend of 0.16 per share on Friday, October 10th. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%.
A number of analysts have recently weighed in on FLS shares. Analysts at Maxim Group upgraded shares of Flowserve Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $92.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Flowserve Corp in a research note on Friday, June 27th. They set a “sell” rating and a $78.00 price target on the stock. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.64.
Flowserve Corp (NYSE:FLS) traded up 0.57% on Tuesday, hitting $75.43. 465,667 shares of the company’s stock traded hands. Flowserve Corp has a one year low of $55.64 and a one year high of $82.24. The stock has a 50-day moving average of $73.75 and a 200-day moving average of $75.65. The company has a market cap of $10.319 billion and a P/E ratio of 20.97.
Flowserve Corp (NYSE:FLS) last released its earnings data on Wednesday, July 23rd. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that Flowserve Corp will post $3.89 EPS for the current fiscal year.
In other Flowserve Corp news, Director Roger L. Fix sold 2,232 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $72.02, for a total transaction of $160,748.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
Receive News & Ratings for Flowserve Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowserve Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.