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NYSE:FLS

Flowserve (FLS) Stock Price, News & Analysis

$42.28
-0.36 (-0.84%)
(As of 03/4/2024 ET)
Today's Range
$42.13
$42.96
50-Day Range
$39.56
$42.97
52-Week Range
$29.99
$43.64
Volume
1.24 million shs
Average Volume
986,563 shs
Market Capitalization
$5.55 billion
P/E Ratio
29.99
Dividend Yield
1.89%
Price Target
$46.57

Flowserve MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
10.2% Upside
$46.57 Price Target
Short Interest
Healthy
1.14% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.20mentions of Flowserve in the last 14 days
Based on 7 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.

3.44 out of 5 stars

Industrial Products Sector

119th out of 175 stocks

Pumps & Pumping Equipment Industry

6th out of 6 stocks


FLS stock logo

About Flowserve Stock (NYSE:FLS)

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, the Middle East, Africa, Asia Pacific, and Europe. 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, 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. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as 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 incorporated in 1912 and is headquartered in Irving, Texas.

FLS Stock Price History

FLS Stock News Headlines

Flowserve Corp President Kirk Wilson Sells 20,000 Shares
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Flowserve (NYSE:FLS) PT Raised to $50.00
Flowserve (NYSE:FLS) Upgraded to "Strong-Buy" by StockNews.com
Flowserve Stock (NYSE:FLS), Quotes and News Summary
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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
Flowserve Increases Dividend 5% to 21c
Flowserve: Q4 Earnings Snapshot
Flowserve Corporation Q4 Profit Decreases, but beats estimates
Flowserve Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Last Earnings
2/21/2024
Today
3/04/2024
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
34354P10
Employees
16,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.57
High Stock Price Target
$50.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+10.2%
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
$2.73 per share
Book Value
$15.05 per share

Miscellaneous

Free Float
130,387,000
Market Cap
$5.55 billion
Optionable
Optionable
Beta
1.45
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Key Executives

  • Mr. Robert Scott Rowe (Age 53)
    President, CEO & Director
    Comp: $2.38M
  • Ms. Amy B. Schwetz (Age 49)
    Senior VP & CFO
    Comp: $1.17M
  • Ms. Elizabeth L. Burger (Age 53)
    Senior VP & Chief Human Resources Officer
    Comp: $805.48k
  • 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
  • Ms. Susan Claire Hudson (Age 47)
    Senior VP, Chief Legal Officer & Corporate Secretary
  • Mr. Lars E. Rosene (Age 56)
    Vice President of Corporate Communications & Public Affairs
  • Mr. Kirk R. WilsonMr. Kirk R. Wilson (Age 57)
    President of Flow Control Division
  • Mr. Lamar L. Duhon (Age 52)
    President of Flowserve Pumps Division, Aftermarket Services & Solutions














FLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Flowserve stock right now?

8 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 4 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.

What is Flowserve's stock price target for 2024?

8 Wall Street research analysts have issued 12-month target prices for Flowserve's shares. Their FLS share price targets range from $38.00 to $50.00. On average, they expect the company's share price to reach $46.57 in the next twelve months. This suggests a possible upside of 10.2% 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 2.6% and is now trading at $42.28.
View the best growth stocks for 2024 here
.

Are investors shorting Flowserve?

Flowserve saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 1,500,000 shares, an increase of 42.9% from the January 31st total of 1,050,000 shares. Based on an average daily trading volume, of 870,300 shares, the short-interest ratio is currently 1.7 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, May 6th 2024.
View our FLS earnings forecast
.

How were Flowserve's earnings last quarter?

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

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

Flowserve declared 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 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date 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 $0.80 per share and currently has a dividend yield of 1.88%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 56.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 26.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLS.

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

Flowserve updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of 2.400-2.600 for the period, compared to the consensus EPS 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.22%), First Eagle Investment Management LLC (8.17%), Beutel Goodman & Co Ltd. (5.10%), Nordea Investment Management AB (3.74%), Nuveen Asset Management LLC (1.72%) and Dimensional Fund Advisors LP (1.53%).
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 3/4/2024 by MarketBeat.com Staff