Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). 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 fluids. The company 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.
Wall Street Analyst Weigh In
Several research analysts have commented on FLS shares. Stifel Nicolaus lowered their price objective on shares of Flowserve from $42.00 to $35.00 in a research report on Wednesday, May 4th. Royal Bank of Canada lowered their price objective on shares of Flowserve from $38.00 to $33.00 in a research report on Wednesday, May 4th. Bank of America upgraded shares of Flowserve from an "underperform" rating to a "neutral" rating and set a $31.00 price objective for the company in a research report on Monday, July 11th. Finally, Citigroup upped their price target on shares of Flowserve to $39.00 in a report on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.13.
Flowserve Stock Up 2.0 %
Shares of NYSE:FLS opened at $35.19 on Friday. The company has a fifty day moving average of $30.27 and a 200-day moving average of $31.97. The company has a market capitalization of $4.60 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.40 and a current ratio of 2.09. Flowserve has a 52-week low of $26.84 and a 52-week high of $40.80.
Flowserve (NYSE:FLS - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Flowserve had a net margin of 2.74% and a return on equity of 8.12%. The company had revenue of $882.22 million for the quarter, compared to analysts' expectations of $886.53 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Flowserve's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts predict that Flowserve will post 1.52 EPS for the current fiscal year.