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. Investors 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 1.84%. The ex-dividend date of this dividend is Wednesday, June 21st. View Flowserve Corporation's Dividend History.

Flowserve Corporation (NYSE:FLS) issued its earnings results 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 had revenue of $877 million for the quarter, compared to the consensus estimate of $933.91 million. Flowserve Corporation had a net margin of 3.12% and a return on equity of 15.76%. The firm's quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. View Flowserve Corporation's Earnings History.

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

13 analysts have issued 12 month target prices for Flowserve Corporation's stock. Their forecasts range from $38.00 to $60.00. On average, they expect Flowserve Corporation's share price to reach $49.44 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 key strengths include leading position in the flow control industry, strong aftermarket business comprehensive product portfolio and wide global footprint. Also, the company’s strong aftermarket business is expected to act as a major growth catalyst. Moreover, the diligent restructuring plans are resulting in substantial cost savings, thus adding to Flowserve’s strength. In addition, increased project bidding activities in the energy markets signal brighter days, going forward. However, on the flip side, pricing pressure has proved to be a major drag on the company’s top-line performance over the past few quarters. Also, loss of sales leverage and related under-absorption are pressurizing the financials. The company’s shares have witnessed a negative return, comparing unfavorably to the Zacks categorized Machinery-General industry's average gain over the past six months." (7/17/2017)
• 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 Pentair PLC. (PNR), Packaging Corporation of America (PKG), Xylem (XYL), 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), Allegion PLC (ALLE), The Middleby Corporation (MIDD), BPC Acquisition Corp (BERY), Nordson Corporation (NDSN), Alcoa Corp. (AA), Hubbell (HUBB) and HD Supply Holdings (HDS).

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 many different of institutional and retail investors. Top institutional shareholders include SPF Beheer BV (0.96%), RE Advisers Corp (0.90%), Caledonia Investments PLC (0.74%), Bartlett & Co. LLC (0.18%), Neville Rodie & Shaw Inc. (0.16%) and Hermes Investment Management Ltd. (0.16%). 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 State of New Jersey Common Pension Fund D, Russell Investments Group Ltd., Hermes Investment Management Ltd., Manning & Napier Advisors LLC, Independent Portfolio Consultants Inc., Municipal Employees Retirement System of Michigan, Bartlett & Co. LLC and Xact Kapitalforvaltning AB. Company insiders that have sold Flowserve Corporation stock in the last year include Mark A Blinn, Thomas L Pajonas and William C Rusnack. View Insider Buying and Selling for Flowserve Corporation.

Flowserve Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Neville Rodie & Shaw Inc., John G Ullman & Associates Inc., Mn Services Vermogensbeheer B.V., Markel Corp, Bank of Montreal Can, Woodstock Corp and CAPROCK Group Inc.. 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 $41.30.