Flowserve Corporation Company Profile (NYSE:FLS)

Flowserve Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLS."

Flowserve Corporation announced a quarterly dividend on Tuesday, September 5th. Investors of record on Friday, September 22nd will be given a dividend of $0.19 per share on Friday, October 6th. This represents a $0.76 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, September 21st. View Flowserve Corporation's Dividend History.

Flowserve Corporation (NYSE:FLS) announced its earnings results on Thursday, July, 27th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.21. The business had revenue of $877 million for the quarter, compared to analyst estimates of $933.91 million. Flowserve Corporation had a return on equity of 13.32% and a net margin of 2.68%. Flowserve Corporation's revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. View Flowserve Corporation's Earnings History.

Flowserve Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Flowserve Corporation.

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

15 equities research analysts have issued 12-month price targets for Flowserve Corporation's shares. Their forecasts range from $38.00 to $60.00. On average, they anticipate Flowserve Corporation's share price to reach $47.70 in the next twelve months. 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 second quarter 2017 adjusted earnings missed the Zacks Consensus Estimates dismally. Also, its earnings plunged 31.3% year over year. Precipitous, broad-based top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds, proved to be the primary drag for the bottom line. In addition, cautious spending by clients, loss of sales leverage and related under-absorption has been hurting the company’s profitability. Capital spending deferrals and reduced activity in its key markets are proving to be major concerns. Also, escalating realignment costs are likely to pressurize short-term margin performance. Its shares have underperformed the industry over the past six months. However, Flowserve’s leading position in the flow control industry, strong aftermarket business and geographical diversity are expected to offset some of these challenges. " (8/16/2017)
• 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 Packaging Corporation of America (PKG), Smith (A.O.) Corporation (AOS), W.W. Grainger (GWW), Fortune Brands Home & Security (FBHS), AB SKF (SKFRY), IDEX Corporation (IEX), Avery Dennison Corporation (AVY), Alcoa Corp (AA), Sealed Air Corporation (SEE), Allegion PLC (ALLE), Crown Holdings (CCK), BPC Acquisition Corp (BERY), The Middleby Corporation (MIDD), Nordson Corporation (NDSN), Graco (GGG), HD Supply Holdings (HDS), Hubbell (HUBB) and Donaldson Company (DCI).

Flowserve Corporation's management team includes the folowing people:

• R. Scott Rowe, President, Chief Executive Officer, Director
• Lee Eckert, Chief Financial Officer, Senior Vice President
• John E. Roueche III, Interim Chief Financial Officer
• Kim L. Jackson, President of Engineered Product Operations
• John R. Lenander, President, Flow Control Operations
• David Wilson, President - Industrial Products Division
• 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

Flowserve Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Neville Rodie & Shaw Inc. (0.13%), Eqis Capital Management Inc. (0.04%) and Fulton Bank N.A. (0.01%). 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 Neville Rodie & Shaw Inc. and Fulton Bank N.A.. View Insider Buying and Selling for Flowserve Corporation.

Flowserve Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Eqis Capital Management 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 $44.64.