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

$37.74
+0.20 (+0.53%)
(As of 11/29/2023 ET)
Compare
Today's Range
$37.35
$38.10
50-Day Range
$35.39
$39.77
52-Week Range
$28.89
$41.01
Volume
1.04 million shs
Average Volume
923,818 shs
Market Capitalization
$4.95 billion
P/E Ratio
20.29
Dividend Yield
2.12%
Price Target
$43.11

Flowserve MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
14.2% Upside
$43.11 Price Target
Short Interest
Healthy
1.01% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of Flowserve in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.14%
From $2.03 to $2.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Industrial Products Sector

18th out of 180 stocks

Pumps & Pumping Equipment Industry

3rd out of 8 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

Why Is Flowserve (FLS) Up 3% Since Last Earnings Report?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Brokerages Set Flowserve Co. (NYSE:FLS) Price Target at $43.11
Flowserve (FLS) Stock Falls 1.5% Since Q3 Earnings Beat
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Flowserve Corporation Q3 Profit Increases, beats estimates
Flowserve's Earnings: A Preview
Hold Rating on Flowserve’s Stock Amid Rejection of Velan Acquisition
See More Headlines
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Company Calendar

Ex-Dividend for 10/6 Dividend
9/21/2023
Dividend Payable
10/06/2023
Last Earnings
10/25/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

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
$43.11
High Stock Price Target
$50.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+14.2%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$188.69 million
Pretax Margin
5.17%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$1.78 per share
Book Value
$14.58 per share

Miscellaneous

Free Float
130,369,000
Market Cap
$4.95 billion
Optionable
Optionable
Beta
1.55
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Key Executives

  • Mr. Robert Scott Rowe (Age 52)
    President, CEO & Director
    Comp: $2.38M
  • Ms. Amy B. Schwetz (Age 48)
    Senior VP & CFO
    Comp: $1.17M
  • Ms. Elizabeth L. Burger (Age 52)
    Senior VP & Chief Human Resources Officer
    Comp: $805.48k
  • Mr. Scott K. Vopni (Age 55)
    VP & Chief Accounting Officer
  • Mr. Doug Short
    VP & Chief Information Officer
  • Mr. John E. Roueche III (Age 56)
    VP of Investor Relations & Treasurer
    Comp: $520.13k
  • Ms. Susan Claire Hudson (Age 46)
    Senior VP, Chief Legal Officer & Corporate Secretary
  • Mr. Lars E. Rosene (Age 55)
    Vice President of Corporate Communications & Public Affairs
  • Mr. Kirk R. WilsonMr. Kirk R. Wilson (Age 56)
    President of Flow Control Division
  • Mr. Lamar L. Duhon (Age 51)
    President of Flowserve Pumps Division, Aftermarket Services & Solutions














FLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Flowserve stock right now?

9 Wall Street equities research 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 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.

What is Flowserve's stock price target for 2024?

9 equities research analysts have issued 12-month price targets for Flowserve's shares. 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 year. This suggests a possible upside of 14.2% 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 2023?

Flowserve's stock was trading at $30.68 at the beginning of the year. Since then, FLS shares have increased by 23.0% and is now trading at $37.74.
View the best growth stocks for 2023 here
.

Are investors shorting Flowserve?

Flowserve saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,320,000 shares, a decrease of 29.0% from the October 31st total of 1,860,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 1.3 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 Tuesday, February 20th 2024.
View our FLS earnings forecast
.

How were Flowserve's earnings last quarter?

Flowserve Co. (NYSE:FLS) posted its earnings results on Wednesday, October, 25th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. The industrial products company had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $0.09 earnings per share.

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

Flowserve declared a quarterly dividend on Wednesday, August 16th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.20 per share on Friday, October 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 21st.
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 2.09%. 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.

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

Flowserve issued an update on its FY 2023 earnings guidance on Thursday, September, 28th. The company provided 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.

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 a number of institutional and retail investors. Top institutional shareholders include First Eagle Investment Management LLC (8.19%), Nordea Investment Management AB (3.99%), FMR LLC (2.67%), Earnest Partners LLC (2.06%), Bank of New York Mellon Corp (1.67%) and ANTIPODES PARTNERS Ltd (1.28%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:FLS) was last updated on 11/29/2023 by MarketBeat.com Staff

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