Flowserve Corporation (NYSE:FLS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Flowserve a “Moderate Buy”: Six of 11 analysts recommend buying the stock, while five rate it a hold. The average 12-month price target is $86.60, above its reported price of $77.22.
• Flowserve exceeded quarterly expectations, reporting adjusted EPS of $0.95 versus the $0.86 consensus and revenue of $1.17 billion. However, revenue declined 1.6% year over year, and some analysts recently downgraded the stock or reduced their price targets.
• The company declared a quarterly dividend of $0.22 per share, equivalent to $0.88 annually and a 1.1% yield. Institutional investors hold approximately 93.93% of Flowserve’s outstanding shares.

Shares of Flowserve Corporation (NYSE:FLS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $86.60.

Several analysts recently weighed in on FLS shares. Stifel Nicolaus raised their target price on shares of Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a report on Friday, July 31st. Royal Bank Of Canada increased their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Weiss Ratings lowered shares of Flowserve from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. TD Cowen cut shares of Flowserve from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a research note on Thursday, July 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BOKF NA purchased a new position in Flowserve in the third quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Flowserve in the 2nd quarter valued at $34,000. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve in the 4th quarter valued at $36,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve during the 3rd quarter worth $36,000. Finally, Global Retirement Partners LLC acquired a new stake in Flowserve during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Flowserve Trading Down 0.7%

Shares of NYSE FLS opened at $77.22 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $9.82 billion, a PE ratio of 27.09, a PEG ratio of 1.73 and a beta of 1.25. Flowserve has a twelve month low of $48.71 and a twelve month high of $92.41. The stock has a fifty day simple moving average of $75.23 and a 200-day simple moving average of $76.86.

Flowserve (NYSE:FLS - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts forecast that Flowserve will post 4.1 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Flowserve's payout ratio is 30.88%.

About Flowserve

Flowserve Corporation NYSE: FLS is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve's offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve's product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.

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