Flowserve - FLS Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 1 sell rating, 4 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.
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9 brokerages have issued 1 year target prices for Flowserve's shares. Their FLS share price forecasts range from $25.00 to $42.00. On average, they predict the company's share price to reach $35.00 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
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 start of the year. Since then, FLS stock has increased by 7.4% and is now trading at $32.94.
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Flowserve saw a decline in short interest in March. As of March 15th, there was short interest totaling 3,810,000 shares, a decline of 6.8% from the February 28th total of 4,090,000 shares. Based on an average daily volume of 851,000 shares, the days-to-cover ratio is currently 4.5 days.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) released its quarterly earnings data on Wednesday, February, 22nd. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.20. The industrial products company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Flowserve had a net margin of 5.22% and a trailing twelve-month return on equity of 8.14%. The firm's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share.

Flowserve announced a quarterly dividend on Wednesday, March 1st. Stockholders of record on Friday, March 24th will be given a dividend of $0.20 per share on Friday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, March 23rd.
Read our dividend analysis for FLS.

ETFs with the largest weight of Flowserve (NYSE:FLS) stock in their portfolio include First Trust Water ETF (FIW), Nuveen Global Net Zero Transition ETF (NTZG), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), SPDR S&P 400 Mid Cap Value ETF (MDYV), iShares S&P Mid-Cap 400 Value ETF (IJJ), Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and John Hancock Multifactor Small Cap ETF (JHSC).

Flowserve (NYSE:FLS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.54%. The dividend payout ratio is 55.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 38.28% 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 FY23 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of $1.50-$1.75 for the period, compared to the consensus earnings per share estimate of $1.67. The company issued revenue guidance of $3.94-$4.01 billion, compared to the consensus revenue estimate of $3.94 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 variety of institutional and retail investors. Top institutional shareholders include First Eagle Investment Management LLC (8.42%), Nordea Investment Management AB (4.22%), Earnest Partners LLC (2.68%), Geode Capital Management LLC (1.36%), Dimensional Fund Advisors LP (1.34%) and ANTIPODES PARTNERS Ltd (1.25%).
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 $32.94.

Flowserve (NYSE:FLS) has a market capitalization of $4.32 billion and generates $3.62 billion in revenue each year. The industrial products company earns $188.69 million in net income (profit) each year or $1.43 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.