NYSE:FLSFlowserve Stock Price, Forecast & News

$26.10

-0.72 (-2.68 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$25.30

Now: $26.10▼

$26.58

50-Day Range

$22.19

MA: $25.62▼

$29.64

52-Week Range

$18.98

Now: $26.10▼

$53.98

Volume8.59 million shs

Average Volume1.51 million shs

Market Capitalization$3.40 billion

P/E Ratio17.52

Dividend Yield3.07%

Beta1.85

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The IPD segment provides engineered and pre-configured industrial pumps and pump systems; and aftermarket services, including product installation and commissioning services, seal systems spare parts, repairs, re-rate and upgrade solutions, and advanced diagnostics and maintenance solutions. The FCD segment offers industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment. This segment's products are used to control, direct, and manage the flow of liquids and gases. It 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.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Flowserve has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $29.88, Flowserve has a potential upside of 14.5% from its current price of $26.10.
Amount of Analyst Coverage
Flowserve has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
Flowserve has received 544 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Flowserve has received 523 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Flowserve has received 50.98% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Flowserve and other stocks. Vote “Outperform” if you believe FLS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FLS will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Flowserve is a leading dividend payer. It pays a dividend yield of 3.07%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Flowserve has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Flowserve is 36.36 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Flowserve will have a dividend payout ratio of 55.94 % next year. This indicates that Flowserve will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Flowserve insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,190.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.36% of the stock of Flowserve is held by insiders.
Percentage Held by Institutions
95.94% of the stock of Flowserve is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Flowserve are expected to grow by 1.42% in the coming year, from $1.41 to $1.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Flowserve is 17.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Flowserve is 17.52, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.53.
Price to Earnings Growth Ratio
Flowserve has a PEG Ratio of 2.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Flowserve has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.83 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pumps & pumping equipment

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:FLS

Previous Symbol

CUSIP34354P10

CIK30625

Webwww.flowserve.com

Phone972-443-6500

Debt

Debt-to-Equity Ratio0.89

Current Ratio2.19

Quick Ratio1.57

Price-To-Earnings

Trailing P/E Ratio17.52

Forward P/E Ratio18.51

P/E Growth2.66

Sales & Book Value

Annual Sales$3.94 billion

Price / Sales0.86

Cash Flow$3.01 per share

Price / Cash Flow8.67

Book Value$12.95 per share

Price / Book2.02

Profitability

EPS (Most Recent Fiscal Year)$2.20

Net Income$253.67 million

Net Margins4.96%

Return on Equity14.99%

Return on Assets5.46%

Miscellaneous

Employees17,000

Outstanding Shares130,130,000

Market Cap$3.40 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Flowserve (NYSE:FLS) Frequently Asked Questions

How has Flowserve's stock been impacted by COVID-19 (Coronavirus)?

Flowserve's stock was trading at $28.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FLS shares have decreased by 8.2% and is now trading at $26.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Flowserve?

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

When is Flowserve's next earnings date?

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

How were Flowserve's earnings last quarter?

Flowserve Corp (NYSE:FLS) announced 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 earned $894.50 million during the quarter, compared to analysts' expectations of $874.95 million. Flowserve had a return on equity of 14.99% and a net margin of 4.96%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. View Flowserve's earnings history.

How often does Flowserve pay dividends? What is the dividend yield for Flowserve?

Flowserve announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 19th will be given a dividend of $0.20 per share on Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, June 18th. View Flowserve's dividend history.

What price target have analysts set for FLS?

9 Wall Street analysts have issued twelve-month price objectives for Flowserve's shares. Their forecasts range from $22.00 to $50.00. On average, they anticipate Flowserve's stock price to reach $29.88 in the next year. This suggests a possible upside of 14.5% from the stock's current price. View analysts' price targets for Flowserve.

Has Flowserve been receiving favorable news coverage?

News stories about FLS stock have trended neutral on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 0.2 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near term. View the latest news aboutFlowserve.

Are investors shorting Flowserve?

Flowserve saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,850,000 shares, an increase of 79.0% from the April 15th total of 2,710,000 shares. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.7% of the shares of the company are sold short. View Flowserve's Current Options Chain.

Who are some of Flowserve's key competitors?

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), ITT (ITT) and Lincoln Electric (LECO). View all competitors.

What other stocks do shareholders of Flowserve own?

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).

Who are Flowserve's key executives?

Flowserve's management team includes the following people:

Mr. Robert Scott Rowe, Pres, CEO & Director (Age 48)
Mr. Lee S. Eckert, Sr. VP & CFO (Age 52)
Mr. Keith E. Gillespie, Sr. VP & Chief Sales Officer (Age 53)
Ms. Elizabeth L. Burger, Sr. VP & Chief HR Officer (Age 48)
Mr. David J. Wilson, Pres of Pumps Division (Age 50)

What is Flowserve's stock symbol?

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

Who are Flowserve's major shareholders?

Flowserve's stock is owned by a variety of institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (16.08%), Invesco Ltd. (10.25%), First Eagle Investment Management LLC (9.31%), BlackRock Inc. (7.01%), State Street Corp (4.08%) and Caisse DE Depot ET Placement DU Quebec (3.31%). Company insiders that own Flowserve stock include John Lenander, Lanesha Minnix, Sanjay Chowbey and Sujeet Chand. View institutional ownership trends for Flowserve.

Which major investors are selling Flowserve stock?

FLS stock was sold by a variety of institutional investors in the last quarter, including Impax Asset Management Group plc, Summitry LLC, Gamco Investors INC. ET AL, Robeco Institutional Asset Management B.V., Gabelli Funds LLC, Janus Henderson Group PLC, John G Ullman & Associates Inc., and New South Capital Management Inc.. Company insiders that have sold Flowserve company stock in the last year include John Lenander, and Lanesha Minnix. View insider buying and selling activity for Flowserve.

Which major investors are buying Flowserve stock?

FLS stock was purchased by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Caisse DE Depot ET Placement DU Quebec, Fiduciary Management Inc. WI, Morgan Stanley, Morgan Stanley, Federated Hermes Inc., Engineers Gate Manager LP, and BlackRock Inc.. 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.

How do I buy shares of 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.

What is Flowserve's stock price today?

One share of FLS stock can currently be purchased for approximately $26.10.

How big of a company is Flowserve?

Flowserve has a market capitalization of $3.40 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.

What is Flowserve's official website?

The official website for Flowserve is www.flowserve.com.

How can I contact Flowserve?

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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff