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

Flowserve trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLS."

Flowserve declared a quarterly dividend on Wednesday, August 21st. Shareholders of record on Friday, September 20th will be given a dividend of $0.19 per share on Friday, October 4th. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 19th. View Flowserve's Dividend History.

Flowserve Corp (NYSE:FLS) announced its quarterly earnings results on Wednesday, October, 30th. The industrial products company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.03. The industrial products company had revenue of $996.54 million for the quarter, compared to the consensus estimate of $1.01 billion. Flowserve had a return on equity of 16.21% and a net margin of 6.39%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. View Flowserve's Earnings History.

Flowserve is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Flowserve.

Flowserve issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $2.15-2.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.17.

6 Wall Street analysts have issued 12 month target prices for Flowserve's shares. Their forecasts range from $43.00 to $58.00. On average, they expect Flowserve's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets for Flowserve.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flowserve.

News coverage about FLS stock has trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Flowserve earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Flowserve.

Flowserve saw a decline in short interest in October. As of October 31st, there was short interest totalling 5,010,000 shares, a decline of 5.5% from the September 30th total of 5,300,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is currently 4.9 days. Currently, 3.8% of the shares of the stock are short sold. View Flowserve's Current Options Chain.

Some companies that are related to Flowserve include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), Woodward, Inc.Common Stock (WWD) and Middleby (MIDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowserve investors own include General Electric (GE), Boeing (BA), salesforce.com (CRM), Mcdonald's (MCD), Gilead Sciences (GILD), Visa (V), Intel (INTC), QUALCOMM (QCOM), Cummins (CMI) and Fluor Co. (NEW) (FLR).

Flowserve's stock is owned by many different of retail and institutional investors. Top institutional shareholders include EdgePoint Investment Group Inc. (13.28%), Gamco Investors INC. ET AL (1.78%), Massachusetts Financial Services Co. MA (1.76%), Beutel Goodman & Co Ltd. (1.32%), SPF Beheer BV (1.25%) and Gabelli Funds LLC (1.24%). Company insiders that own Flowserve stock include John Lenander and Ruby R Chandy. View Institutional Ownership Trends for Flowserve.

FLS stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Gamco Investors INC. ET AL, Beutel Goodman & Co Ltd., SPF Beheer BV, State of Tennessee Treasury Department, Gabelli Funds LLC, State of Alaska Department of Revenue and Envestnet Asset Management Inc.. View Insider Buying and Selling for Flowserve.

FLS stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, EdgePoint Investment Group Inc., First Trust Advisors LP, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Cerebellum GP LLC, Cerebellum GP LLC and Sciencast Management LP. View Insider Buying and Selling for Flowserve.

Shares of FLS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of FLS stock can currently be purchased for approximately $49.27.

Flowserve has a market capitalization of $6.45 billion and generates $3.83 billion in revenue each year. The industrial products company earns $119.67 million in net income (profit) each year or $1.75 on an earnings per share basis. Flowserve employs 17,000 workers across the globe.View Additional Information About Flowserve.

The official website for Flowserve is http://www.flowserve.com/.

Flowserve's mailing address is 5215 N. O`CONNOR BLVD. SUITE 2300, IRVING TX, 75039. The industrial products company can be reached via phone at 972-443-6500 or via email at [email protected]