NYSE:FLSFlowserve Stock Price, Forecast & News

Flowserve's stock was trading at $28.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FLS stock has decreased by 5.6% and is now trading at $26.83. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Flowserve.

Flowserve is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Flowserve.

Flowserve Corp (NYSE:FLS) issued its earnings results on Thursday, May, 7th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.20. The industrial products company had revenue of $894.50 million for the quarter, compared to analyst estimates of $874.95 million. Flowserve had a return on equity of 14.99% and a net margin of 4.96%. Flowserve's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. View Flowserve's earnings history.

Flowserve declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 19th will be paid a dividend of $0.20 per share on Monday, July 6th. This represents a $0.80 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, June 18th. View Flowserve's dividend history.

11 analysts have issued 1-year price objectives for Flowserve's stock. Their forecasts range from $22.00 to $50.00. On average, they anticipate Flowserve's stock price to reach $29.89 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price. View analysts' price targets for Flowserve.

News stories about FLS stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Flowserve earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Flowserve.

Flowserve saw a decrease in short interest in June. As of June 30th, there was short interest totaling 3,670,000 shares, a decrease of 18.8% from the June 15th total of 4,520,000 shares. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.8% of the company's stock are short sold. View Flowserve's Current Options Chain.

Some companies that are related to Flowserve include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), IDEX (IEX), Xylem (XYL), Ingersoll-Rand (IR), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), Lincoln Electric (LECO) and ITT (ITT). View all competitors.

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

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

Flowserve's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Woodstock Corp (0.03%) and Municipal Employees Retirement System of Michigan (0.02%). Company insiders that own Flowserve stock include John Lenander, Lanesha Minnix, Sanjay Chowbey and Sujeet Chand. View institutional ownership trends for Flowserve.

FLS stock was bought by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, and Woodstock Corp. Company insiders that have bought Flowserve stock in the last two years include Sanjay Chowbey, and Sujeet Chand. View insider buying and selling activity 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 $26.83.

Flowserve has a market capitalization of $3.49 billion and generates $3.94 billion in revenue each year. The industrial products company earns $253.67 million in net income (profit) each year or $2.20 on an earnings per share basis. Flowserve employs 17,000 workers across the globe.

The official website for Flowserve is 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]