NYSE:FLSFlowserve Stock Price, Forecast & News

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 stock has decreased by 16.4% and is now trading at $23.76. View which stocks have been mosted impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 2 sell ratings, 3 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 Thursday, May 7th 2020. View our earnings forecast for Flowserve.

Flowserve Corp (NYSE:FLS) announced its quarterly earnings data on Monday, February, 17th. The industrial products company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The industrial products company earned $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. Flowserve had a net margin of 6.43% and a return on equity of 16.44%. During the same period last year, the company posted $0.58 earnings per share. View Flowserve's earnings history.

Flowserve announced a quarterly dividend on Monday, February 24th. Investors of record on Friday, March 27th will be paid a dividend of $0.20 per share on Thursday, April 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, March 26th. This is an increase from Flowserve's previous quarterly dividend of $0.19. View Flowserve's dividend history.

Flowserve updated its FY20 earnings guidance on Tuesday, February, 18th. The company provided earnings per share (EPS) guidance of $2.30-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.46. The company issued revenue guidance of +3-5% yr/yr to $4.06-4.14 billion, compared to the consensus revenue estimate of $4.09 billion.

7 brokerages have issued 12 month price objectives for Flowserve's shares. Their forecasts range from $25.00 to $52.00. On average, they expect Flowserve's share price to reach $41.29 in the next year. This suggests a possible upside of 73.8% from the stock's current price. View analysts' price targets for Flowserve.

News coverage about FLS stock has trended very negative on Sunday, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Flowserve earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning 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 aboutFlowserve.

Flowserve saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,245,700 shares, an increase of 5.9% from the February 27th total of 4,010,000 shares. Based on an average trading volume of 854,200 shares, the short-interest ratio is currently 5.0 days. Approximately 3.3% of the company's shares 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), Xylem (XYL), IDEX (IEX), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Gardner Denver (GDI), Ingersoll-Rand (IR), Donaldson (DCI), Pentair (PNR), Lincoln Electric (LECO) and ITT (ITT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowserve investors own include Boeing (BA), Exxon Mobil (XOM), Gilead Sciences (GILD), General Electric (GE), Mcdonald's (MCD), salesforce.com (CRM), IBM (IBM), UnitedHealth Group (UNH), Wells Fargo & Co (WFC) and Intel (INTC).

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 investors include Woodstock Corp (0.03%) and Neville Rodie & Shaw Inc. (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 sold by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc., and Woodstock Corp. 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.

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 $23.76.

Flowserve has a market capitalization of $3.11 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. 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]