Flowserve Corporation Company Profile (NYSE:FLS)

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

Flowserve Corporation declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Friday, June 23rd will be paid a dividend of $0.19 per share on Friday, July 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, June 21st. View Flowserve Corporation's Dividend History.

Flowserve Corporation (NYSE:FLS) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.21. The business earned $877 million during the quarter, compared to the consensus estimate of $933.91 million. Flowserve Corporation had a net margin of 2.68% and a return on equity of 13.32%. The firm's revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. View Flowserve Corporation's Earnings History.

Flowserve Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Flowserve Corporation.

Flowserve Corporation updated its FY17 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $1.30-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.78.

14 brokerages have issued 1 year target prices for Flowserve Corporation's shares. Their forecasts range from $38.00 to $60.00. On average, they anticipate Flowserve Corporation's share price to reach $48.60 in the next year. View Analyst Ratings for Flowserve Corporation.

Here are some recent quotes from research analysts about Flowserve Corporation stock:

• 1. According to Zacks Investment Research, "Flowserve’s second quarter 2017 adjusted earnings missed the Zacks Consensus Estimates dismally. Also, its earnings plunged 31.3% year over year. Precipitous, broad-based top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds, proved to be the primary drag for the bottom line. In addition, cautious spending by clients, loss of sales leverage and related under-absorption has been hurting the company’s profitability. Capital spending deferrals and reduced activity in its key markets are proving to be major concerns. Also, escalating realignment costs are likely to pressurize short-term margin performance. Its shares have underperformed the industry over the past six months. However, Flowserve’s leading position in the flow control industry, strong aftermarket business and geographical diversity are expected to offset some of these challenges. " (8/16/2017)
• 2. BMO Capital Markets analysts commented, "Weak capital spending in its end-markets seem very likely to again offset restructuring savings and push down earnings by 20% in '17 ... the third straight -20% year. '17 now becomes important only to gauge '18E and '19E. Buying the stock here requires a bit of imagination on multiples, or patience until we have visibility on '19E." (2/21/2017)
• 3. Stifel Nicolaus analysts commented, "Flowserve reported 4Q16 revenue of $1.07 billion (Stifel $1.08 billion, Street $1.07 billion) and adjusted EPS of $0.72 (Stifel $0.68, Street $0.64). The beat was driven by $0.05 of lower than expected tax, slightly offset by $0.01 of below the line expense. Operationally the quarter was in line' 2017 outlook below consensus estimates seems largely due to an air pocket in 1Q17 revenue which drives under-absorption of fixed costs and these challenges in 1Q17 are responsible for the majority of the reduction in our 2017E EPS. We see green shoots which could drive upside as early as 2H17 in refinery/chemical turnarounds in 2H17, distributor restocking driving sales above real demand for a period, and IPD execution improvement driving improved performance in 2Q17+. We maintain our Buy rating on FLS shares." (2/21/2017)
• 4. Seaport Global Securities analysts commented, "We are upgrading shares of FLS to Buy (from Neutral) as short-cycle capex in heavy industries shows definitive signs of bottoming and optimism for growth in 2017. Furthermore, the benefits from realignment initiatives that have lagged peers are poised to inflect in 2017 and at a time when they should begin to help lever FLS's QRC footprint. While a capital spending recovery is still expected to lag MRO/maintenance activity, we remain optimistic that bookings can remain stable at these depressed levels and a mid-cycle acceleration in project activity would be incremental to our estimates. We anticipate a strong FCF recovery in 2017 to 136% of net income, up from our 2016 estimate of 45%. Based on our estimates, the company's 2017 FCF yield is 5.6% (above its historical average of 4.0%), which in our view remains attractive at this point in the cycle. Our price target is now $60 (up from $48)." (1/23/2017)

Some companies that are related to Flowserve Corporation include Fortune Brands Home & Security (FBHS), W.W. Grainger (GWW), Smith (A.O.) Corporation (AOS), AB SKF (SKFRY), IDEX Corporation (IEX), Sealed Air Corporation (SEE), Avery Dennison Corporation (AVY), Crown Holdings (CCK), BPC Acquisition Corp (BERY), Allegion PLC (ALLE), Nordson Corporation (NDSN), Alcoa Corp. (AA), The Middleby Corporation (MIDD), Graco (GGG), Hubbell (HUBB), HD Supply Holdings (HDS), Donaldson Company (DCI) and Lincoln Electric Holdings (LECO).

Flowserve Corporation's management team includes the folowing people:

• R. Scott Rowe, President, Chief Executive Officer, Director
• John E. Roueche III, Interim Chief Financial Officer
• Kim L. Jackson, President of Engineered Product Operations
• John R. Lenander, President, Flow Control Operations
• Kirk R. Wilson, President of Aftermarket Services & Solutions
• Thomas L. Pajonas, Chief Operating Officer, Executive Vice President
• David M. Stephens, Chief Human Resource Officer, Senior Vice President
• Carey A. O'Connor, Senior Vice President, General Counsel, Secretary
• Keith E. Gillespie, Senior Vice President, Chief Strategy Officer
• Leif E. Darner, Independent Director

Flowserve Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.83%), First Eagle Investment Management LLC (9.81%), FMR LLC (8.53%), BlackRock Inc. (6.27%), EdgePoint Investment Group Inc. (4.83%) and State Street Corp (4.09%). Company insiders that own Flowserve Corporation stock include Mark A Blinn, Thomas L Pajonas and William C Rusnack. View Institutional Ownership Trends for Flowserve Corporation.

Flowserve Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., State of New Jersey Common Pension Fund D, Harris Associates L P, State Street Corp, JPMorgan Chase & Co., Russell Investments Group Ltd. and Hermes Investment Management Ltd.. View Insider Buying and Selling for Flowserve Corporation.

Flowserve Corporation's stock was bought by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Principal Financial Group Inc., Janus Henderson Group PLC, Wells Fargo & Company MN, Westfield Capital Management Co. LP, Vanguard Group Inc., Marshall Wace North America L.P. and First Eagle Investment Management LLC. View Insider Buying and Selling for Flowserve Corporation.

Shares of Flowserve Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Flowserve Corporation stock can currently be purchased for approximately $38.39.