Flowserve - FLS Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FLS shares.
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7 brokerages have issued 12 month price objectives for Flowserve's stock. Their FLS share price forecasts range from $31.00 to $46.00. On average, they predict the company's share price to reach $37.13 in the next year. This suggests a possible upside of 5.5% 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 $30.60 at the beginning of the year. Since then, FLS shares have increased by 15.0% and is now trading at $35.19.
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Flowserve saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,440,000 shares, an increase of 19.4% from the July 15th total of 3,720,000 shares. Based on an average daily volume of 995,400 shares, the short-interest ratio is currently 4.5 days. Approximately 3.4% of the company's stock are sold short.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) announced its earnings results 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. The industrial products company earned $882.22 million during the quarter, compared to analyst estimates of $886.53 million. Flowserve had a trailing twelve-month return on equity of 8.12% and a net margin of 2.74%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS.

Flowserve announced a quarterly dividend on Thursday, May 12th. Stockholders of record on Friday, June 24th will be given a dividend of $0.20 per share on Friday, July 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, June 23rd.
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 2.27%. The dividend payout ratio is 109.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FLS will have a dividend payout ratio of 38.10% 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 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.50-$1.70 for the period, compared to the consensus EPS estimate of $1.50. The company issued revenue guidance of $3.72 billion-$3.79 billion, compared to the consensus revenue estimate of $3.72 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 FMR LLC (10.03%), Nordea Investment Management AB (3.99%), Turtle Creek Asset Management Inc. (1.27%), Massachusetts Financial Services Co. MA (1.27%), Gamco Investors INC. ET AL (1.19%) and Northern Trust Corp (0.76%). Insiders that own company stock include Kirk Wilson, Lanesha Minnix, Sanjay Chowbey and Sujeet Chand.
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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 $35.19.

Flowserve (NYSE:FLS) has a market capitalization of $4.60 billion and generates $3.54 billion in revenue each year. The industrial products company earns $125.95 million in net income (profit) each year or $0.73 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.