Flowserve - FLS Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FLS, but not buy additional shares or sell existing shares.
View FLS analyst ratings or view top-rated stocks.

8 analysts have issued 12-month price objectives for Flowserve's stock. Their FLS share price forecasts range from $23.00 to $40.00. On average, they predict the company's share price to reach $32.75 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for FLS or view top-rated stocks among Wall Street analysts.

Flowserve's stock was trading at $30.68 at the beginning of 2023. Since then, FLS shares have increased by 13.9% and is now trading at $34.95.
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Flowserve saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 4,160,000 shares, an increase of 19.9% from the December 15th total of 3,470,000 shares. Based on an average daily trading volume, of 953,400 shares, the days-to-cover ratio is currently 4.4 days. Currently, 3.2% of the company's stock are sold short.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) released its quarterly earnings results on Tuesday, October, 26th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.11. The industrial products company had revenue of $866.12 million for the quarter, compared to the consensus estimate of $898.98 million. Flowserve had a trailing twelve-month return on equity of 6.80% and a net margin of 2.41%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS.

Flowserve declared a quarterly dividend on Monday, December 12th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.20 per share on Friday, January 13th. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for FLS.

Flowserve (NYSE:FLS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.36%. The dividend payout ratio is 125.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FLS will have a dividend payout ratio of 47.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLS.

Flowserve updated its fourth quarter 2022 earnings guidance on Monday, November, 7th. The company provided earnings per share (EPS) guidance of $0.40- for the period, compared to the consensus earnings per share estimate of $0.64. The company issued revenue guidance of $993.01M-$1.01 billion, compared to the consensus revenue estimate of $1.04 billion.

147 employees have rated Flowserve Chief Executive Officer Scott Rowe on Glassdoor.com. Scott Rowe has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowserve investors own include Intel (INTC), General Electric (GE), Johnson & Johnson (JNJ), Boeing (BA), QUALCOMM (QCOM), Broadcom (AVGO), Salesforce (CRM), CVS Health (CVS), Wells Fargo & Company (WFC) and Chevron (CVX).

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 New York State Common Retirement Fund (0.65%), Bank of Montreal Can (0.12%), Woodstock Corp (0.05%), Monarch Capital Management Inc. (0.05%), Comerica Bank (0.04%) and Strs Ohio (0.04%). Insiders that own company stock include Kirk Wilson, Sanjay Chowbey and Sujeet Chand.
View institutional ownership trends.

Shares of FLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FLS stock can currently be purchased for approximately $34.95.

Flowserve (NYSE:FLS) has a market capitalization of $4.57 billion and generates $3.54 billion in revenue each year. The industrial products company earns $125.95 million in net income (profit) each year or $0.64 on an earnings per share basis.

The company employs 16,000 workers across the globe.

Flowserve's mailing address is 5215 N. O`CONNOR BLVD. SUITE 2300, IRVING TX, 75039. The official website for the company is www.flowserve.com. The industrial products company can be reached via phone at (972) 443-6500, via email at mmullin@flowserve.com, or via fax at 972-443-6800.