NYSE:FLS

Flowserve (FLS) Stock Price, News & Analysis

$47.05
-0.03 (-0.06%)
(As of 10:46 AM ET)
Today's Range
$46.98
$47.37
50-Day Range
$41.32
$47.90
52-Week Range
$32.05
$48.31
Volume
62,063 shs
Average Volume
1.06 million shs
Market Capitalization
$6.17 billion
P/E Ratio
33.37
Dividend Yield
1.79%
Price Target
$48.25

Flowserve MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
2.5% Upside
$48.25 Price Target
Short Interest
Healthy
0.95% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of Flowserve in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.86%
From $2.55 to $2.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.48 out of 5 stars

Industrial Products Sector

74th out of 169 stocks

Pumps & Pumping Equipment Industry

5th out of 7 stocks

FLS stock logo

About Flowserve Stock (NYSE:FLS)

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets. The FCD segment provides engineered and industrial valve and automation systems, including isolation and control valves, actuation, controls, and related equipment; and equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and multi-phase fluids. It primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was founded in 1790 and is headquartered in Irving, Texas.

FLS Stock Price History

FLS Stock News Headlines

3 Manufacturing Stocks Leading the Export Wave
The global economy is taking a turn this quarter, with the United States and China leading the way. After reporting a year of consecutive contraction, the U.S. manufacturing sector has finally pushed out its first expansionary reading during March 2024.
3 Manufacturing Stocks Leading the Export Wave (FLS)
A manufacturing breakout in the U.S. is underway, and these three stocks are quickly becoming favorites of analysts and institutions in the second quarter
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Flowserve (FLS) Scheduled to Post Earnings on Monday
StockNews.com Downgrades Flowserve (NYSE:FLS) to Buy
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Demystifying Flowserve: Insights From 5 Analyst Reviews
Validea Detailed Fundamental Analysis - FLS
FLS Apr 2024 29.000 call
FLS Apr 2024 39.000 put
Flowserve Corp President Kirk Wilson Sells 20,000 Shares
Flowserve Stock (NYSE:FLS), Quotes and News Summary
Flowserve’s Strong Performance and Positive Outlook Merit Buy Rating
Flowserve: A Strong Buy on Positive Outlook and Sustainable Growth
Flowserve Full Year 2023 Earnings: EPS Misses Expectations
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Specialty Industrial Machinery
Sub-Industry
Industrial Machinery
CUSIP
34354P10
Employees
16,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$48.25
High Stock Price Target
$56.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$186.74 million
Pretax Margin
5.18%

Debt

Sales & Book Value

Annual Sales
$4.32 billion
Cash Flow
$2.83 per share
Book Value
$15.05 per share

Miscellaneous

Free Float
130,282,000
Market Cap
$6.18 billion
Optionable
Optionable
Beta
1.46
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Key Executives

  • Mr. Robert Scott Rowe (Age 53)
    President, CEO & Director
    Comp: $3.89M
  • Ms. Amy B. Schwetz (Age 49)
    Senior VP & CFO
    Comp: $1.83M
  • Ms. Susan Claire Hudson (Age 47)
    Senior VP, Chief Legal Officer & Corporate Secretary
    Comp: $938.62k
  • Mr. Kirk R. WilsonMr. Kirk R. Wilson (Age 57)
    President of Flow Control Division
    Comp: $981.75k
  • Mr. Lamar L. Duhon (Age 53)
    President of Flowserve Pumps Division
    Comp: $1.16M
  • Mr. Scott K. Vopni (Age 56)
    VP & Chief Accounting Officer
  • Mr. Doug Short
    VP & Chief Information Officer
  • Mr. John E. Roueche III (Age 57)
    VP of Investor Relations & Treasurer
    Comp: $520.13k

FLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Flowserve stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.

What is Flowserve's stock price target for 2024?

8 Wall Street analysts have issued 1 year price targets for Flowserve's shares. Their FLS share price targets range from $38.00 to $56.00. On average, they expect the company's share price to reach $48.25 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for FLS
or view top-rated stocks among Wall Street analysts.

How have FLS shares performed in 2024?

Flowserve's stock was trading at $41.22 on January 1st, 2024. Since then, FLS stock has increased by 14.2% and is now trading at $47.08.
View the best growth stocks for 2024 here
.

Are investors shorting Flowserve?

Flowserve saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,250,000 shares, a drop of 16.1% from the March 15th total of 1,490,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 1.1 days.
View Flowserve's Short Interest
.

When is Flowserve's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our FLS earnings forecast
.

How can I listen to Flowserve's earnings call?

Flowserve will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Flowserve's earnings last quarter?

Flowserve Co. (NYSE:FLS) released its quarterly earnings results on Wednesday, February, 21st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.07. The industrial products company earned $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Flowserve had a trailing twelve-month return on equity of 14.44% and a net margin of 4.32%. The business's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS.

How often does Flowserve pay dividends? What is the dividend yield for Flowserve?

Flowserve announced a quarterly dividend on Tuesday, February 20th. Investors of record on Thursday, March 28th will be given a dividend of $0.21 per share on Friday, April 12th. This represents a $0.84 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for FLS
.

Is Flowserve a good dividend stock?

Flowserve (NYSE:FLS) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 28.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLS.

What guidance has Flowserve issued on next quarter's earnings?

Flowserve issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 2.400-2.600 for the period, compared to the consensus estimate of 2.530. The company issued revenue guidance of $4.5 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion.

What is Scott Rowe's approval rating as Flowserve's CEO?

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.

What other stocks do shareholders of Flowserve own?

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).

Who are Flowserve's major shareholders?

Flowserve's stock is owned by many different retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.47%), Raymond James & Associates (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Diversified Trust Co (0.07%), Amalgamated Bank (0.06%) and Murphy Pohlad Asset Management LLC (0.06%).
View institutional ownership trends
.

How do I buy shares of Flowserve?

Shares of FLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FLS) was last updated on 4/24/2024 by MarketBeat.com Staff

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