Flowserve - FLS Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FLS shares.
View FLS analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued 1 year price objectives for Flowserve's stock. Their FLS share price forecasts range from $31.00 to $46.00. On average, they predict the company's share price to reach $35.50 in the next year. This suggests a possible upside of 43.7% 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 $30.60 at the beginning of 2022. Since then, FLS shares have decreased by 19.2% and is now trading at $24.71.
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Flowserve saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,590,000 shares, an increase of 25.8% from the August 15th total of 3,650,000 shares. Based on an average trading volume of 962,000 shares, the short-interest ratio is currently 4.8 days. Approximately 3.5% of the shares of the stock are sold short.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our FLS earnings forecast.

Flowserve Co. (NYSE:FLS) posted its quarterly earnings data on Wednesday, July, 27th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The industrial products company had revenue of $882.22 million for the quarter, compared to analysts' expectations of $886.53 million. Flowserve had a trailing twelve-month return on equity of 8.12% and a net margin of 2.74%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share.

Flowserve announced a quarterly dividend on Monday, August 22nd. Stockholders of record on Friday, September 30th will be given a dividend of $0.20 per share on Friday, October 14th. This represents a $0.80 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, September 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 3.24%. The dividend payout ratio is 109.59%. 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 39.02% 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 FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $1.50-$1.70 for the period, compared to the consensus earnings per share estimate of $1.50. The company issued revenue guidance of $3.72 billion-$3.79 billion, compared to the consensus revenue estimate of $3.72 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (10.03%), Nordea Investment Management AB (3.99%), State Street Corp (2.68%), Turtle Creek Asset Management Inc. (1.27%), Massachusetts Financial Services Co. MA (1.27%) and Gamco Investors INC. ET AL (1.19%). Insiders that own company stock include Kirk Wilson, Lanesha Minnix, 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 $24.71.

Flowserve (NYSE:FLS) has a market capitalization of $3.23 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 $0.73 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.