Flowserve (FLS) Scheduled to Post Quarterly Earnings on Thursday

Flowserve (NYSE:FLS) is scheduled to be announcing its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.52 per share for the quarter.

Flowserve (NYSE FLS) opened at $41.55 on Thursday. Flowserve has a fifty-two week low of $37.51 and a fifty-two week high of $51.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.30. The firm has a market cap of $5,440.00, a P/E ratio of 34.15, a P/E/G ratio of 2.53 and a beta of 1.54.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were issued a $0.19 dividend. The ex-dividend date was Thursday, January 4th. This represents a $0.76 annualized dividend and a yield of 1.83%. Flowserve’s dividend payout ratio (DPR) is presently 61.79%.

Several equities analysts recently weighed in on FLS shares. Royal Bank of Canada reiterated a “sell” rating and issued a $39.00 price target on shares of Flowserve in a report on Thursday, January 4th. Stifel Nicolaus cut shares of Flowserve from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Monday, December 11th. Zacks Investment Research cut shares of Flowserve from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group cut shares of Flowserve from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $42.65 to $37.00 in a research note on Thursday, December 7th. Finally, Seaport Global Securities cut shares of Flowserve from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $60.00 to $40.00 in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.92.

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Flowserve Company Profile

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Earnings History for Flowserve (NYSE:FLS)

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