Flowserve (FLS) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FLS, but not buy additional shares or sell existing shares.
View FLS analyst ratings or view top-rated stocks.

9 brokerages have issued 1-year price targets for Flowserve's shares. Their FLS share price forecasts range from $30.00 to $42.00. On average, they anticipate the company's stock price to reach $36.78 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for FLS or view top-rated stocks among Wall Street analysts.

Flowserve's stock was trading at $30.68 on January 1st, 2023. Since then, FLS shares have increased by 14.7% and is now trading at $35.18.
View the best growth stocks for 2023 here.

Flowserve saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,060,000 shares, a decline of 6.7% from the April 30th total of 3,280,000 shares. Based on an average daily volume of 889,600 shares, the days-to-cover ratio is presently 3.4 days.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) announced its quarterly earnings results on Monday, May, 1st. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The industrial products company earned $980.31 million during the quarter, compared to the consensus estimate of $898.83 million. Flowserve had a trailing twelve-month return on equity of 10.44% and a net margin of 6.13%. The business's quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share.

Flowserve declared a quarterly dividend on Wednesday, May 31st. Shareholders of record on Friday, June 23rd will be paid a dividend of $0.20 per share on Friday, July 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, June 22nd.
Read our dividend analysis for FLS.

ETFs with the largest weight of Flowserve (NYSE:FLS) stock in their portfolio include First Trust Water ETF (FIW), Horizon Kinetics Energy and Remediation ETF (NVIR), Qraft AI-Enhanced Next Value ETF (NVQ), Nuveen Global Net Zero Transition ETF (NTZG), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), iShares S&P Mid-Cap 400 Value ETF (IJJ) and SPDR S&P 400 Mid Cap Value ETF (MDYV).

Flowserve (NYSE:FLS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.24%. The dividend payout ratio is 45.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 36.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLS.

Flowserve issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.65-$1.85 for the period, compared to the consensus EPS estimate of $1.69. The company issued revenue guidance of $3.98 billion-$4.05 billion, compared to the consensus revenue estimate of $3.99 billion.

147 employees have rated Flowserve Chief Executive Officer Scott Rowe on Glassdoor.com. Scott Rowe has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowserve investors own include Intel (INTC), General Electric (GE), Johnson & Johnson (JNJ), Boeing (BA), QUALCOMM (QCOM), Broadcom (AVGO), Salesforce (CRM), CVS Health (CVS), Wells Fargo & Company (WFC) and Chevron (CVX).

Flowserve trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLS."

Flowserve's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.56%), FMR LLC (8.28%), Wellington Management Group LLP (7.92%), Nordea Investment Management AB (4.18%), State Street Corp (2.87%) and Bank of New York Mellon Corp (2.20%).
View institutional ownership trends.

Shares of FLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FLS stock can currently be purchased for approximately $35.18.

Flowserve (NYSE:FLS) has a market capitalization of $4.61 billion and generates $3.62 billion in revenue each year. The industrial products company earns $188.69 million in net income (profit) each year or $1.75 on an earnings per share basis.

The company employs 16,000 workers across the globe.

Flowserve's mailing address is 5215 N. O`CONNOR BLVD. SUITE 2300, IRVING TX, 75039. The official website for the company is www.flowserve.com. The industrial products company can be reached via phone at (972) 443-6500, via email at mmullin@flowserve.com, or via fax at 972-443-6800.