Flowserve (FLS) Stock Forecast, Price & News

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, 4 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.

9 brokers have issued 12-month target prices for Flowserve's stock. Their FLS share price forecasts range from $30.00 to $49.00. On average, they expect the company's share price to reach $40.00 in the next year. This suggests a possible upside of 2.7% 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 start of the year. Since then, FLS shares have increased by 26.9% and is now trading at $38.93.
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Flowserve saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,610,000 shares, a decrease of 16.6% from the August 15th total of 1,930,000 shares. Based on an average trading volume of 876,800 shares, the short-interest ratio is currently 1.8 days.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) released its quarterly earnings results on Tuesday, August, 1st. The industrial products company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. The industrial products company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $979.68 million. Flowserve had a trailing twelve-month return on equity of 11.76% and a net margin of 5.98%. The firm's revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS.

Flowserve announced 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 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, September 21st.
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 Remediation ETF (NVIR) and VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB).Nuveen Global Net Zero Transition ETF (NTZG).

Flowserve (NYSE:FLS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.05%. The dividend payout ratio is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 33.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLS.

Flowserve issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $1.85-$2.00 for the period, compared to the consensus earnings per share estimate of $1.82. The company issued revenue guidance of $4.19 billion-$4.27 billion, compared to the consensus revenue estimate of $4.05 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLS."

Flowserve's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.42%), Beutel Goodman & Co Ltd. (5.12%), Nordea Investment Management AB (4.06%), State Street Corp (2.83%), Earnest Partners LLC (2.13%) and Bank of New York Mellon Corp (1.70%).
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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One share of FLS stock can currently be purchased for approximately $38.93.

Flowserve (NYSE:FLS) has a market capitalization of $5.11 billion and generates $3.62 billion in revenue each year. The industrial products company earns $188.69 million in net income (profit) each year or $1.80 on an earnings per share basis.

The company employs 16,000 workers across the globe.

Flowserve's mailing address is 5215 N. O`CONNOR BLVD. SUITE 2300, IRVING TX, 75039. The official website for the company is www.flowserve.com. The industrial products company can be reached via phone at (972) 443-6500, via email at mmullin@flowserve.com, or via fax at 972-443-6800.