Wall Street brokerages expect that Flowserve Corp (NYSE:FLS) will post earnings per share (EPS) of $0.52 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Flowserve’s earnings, with estimates ranging from $0.46 to $0.55. Flowserve posted earnings of $0.72 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 27.8%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, February 15th.
According to Zacks, analysts expect that Flowserve will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.40. For the next year, analysts anticipate that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.65 to $2.02. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Flowserve.
Several brokerages have issued reports on FLS. Stifel Nicolaus reaffirmed a “buy” rating and set a $49.00 price target on shares of Flowserve in a research note on Tuesday, October 17th. Zacks Investment Research raised Flowserve from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Boenning Scattergood reaffirmed a “hold” rating on shares of Flowserve in a research note on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “sell” rating and set a $39.00 price target on shares of Flowserve in a research note on Thursday, January 4th. Finally, Goldman Sachs Group lowered Flowserve from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $42.65 to $37.00 in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.92.
Shares of Flowserve (FLS) opened at $41.09 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 2.12. Flowserve has a 52 week low of $37.51 and a 52 week high of $51.92. The stock has a market capitalization of $5,410.90, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.54.
The business also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, January 5th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, January 4th. Flowserve’s dividend payout ratio (DPR) is presently 58.92%.
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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.
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