Flowserve Stock Price, News & Analysis (NYSE:FLS)

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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 analysts have issued 12 month price targets for Flowserve's stock. Their FLS share price targets range from $36.00 to $50.00. On average, they anticipate the company's stock price to reach $43.11 in the next twelve months. This suggests a possible upside of 12.8% 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 at the beginning of 2023. Since then, FLS shares have increased by 24.6% and is now trading at $38.22.
View the best growth stocks for 2023 here.

Flowserve saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,320,000 shares, a drop of 29.0% from the October 31st total of 1,860,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 1.3 days.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) announced its quarterly earnings data on Wednesday, October, 25th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. The industrial products company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.03 billion. Flowserve had a trailing twelve-month return on equity of 14.29% and a net margin of 5.85%. The business's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share.

Flowserve announced a quarterly dividend on Wednesday, August 16th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.20 per share on Friday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 21st.
Read our dividend analysis for FLS.

Flowserve (NYSE:FLS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.06%. The dividend payout ratio is 43.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 31.75% next year. This indicates that the company will be able to sustain or increase its dividend.
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) and VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB).Nuveen Global Net Zero Transition ETF (NTZG).

Flowserve issued an update on its FY 2023 earnings guidance on Thursday, September, 28th. The company provided earnings per share (EPS) guidance of $1.85-$2.00 for the period, compared to the consensus estimate of $1.98. The company issued revenue guidance of $4.19 billion-$4.27 billion, compared to the consensus revenue estimate of $4.23 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's stock is owned by a number of institutional and retail investors. Top institutional investors include First Eagle Investment Management LLC (8.19%), Wellington Management Group LLP (7.72%), Nordea Investment Management AB (3.99%), FMR LLC (2.67%), Earnest Partners LLC (2.06%) and Bank of New York Mellon Corp (1.67%).
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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