NYSE:FLS

Flowserve Stock Forecast, Price & News

$40.76
+0.36 (+0.89 %)
(As of 06/24/2021 12:00 AM ET)
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Today's Range
$40.01
$40.90
50-Day Range
$39.16
$44.31
52-Week Range
$25.53
$44.39
Volume952,844 shs
Average Volume1.06 million shs
Market Capitalization$5.31 billion
P/E Ratio40.76
Dividend Yield1.97%
Beta1.79
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Flowserve logo

About Flowserve

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, the Middle East, Africa, the Asia Pacific, and Europe. It operates in two segments: Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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MarketRank

Overall MarketRank

2.05 out of 5 stars

Industrial Products Sector

42nd out of 410 stocks

Pumps & Pumping Equipment Industry

1st out of 8 stocks

Analyst Opinion: 1.1Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Flowserve (NYSE:FLS) Frequently Asked Questions

Is Flowserve a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Flowserve stock. 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 analyst ratings for Flowserve
or view top-rated stocks.

What stocks does MarketBeat like better than Flowserve?

Wall Street analysts have given Flowserve a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Flowserve wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Flowserve's next earnings date?

Flowserve is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Flowserve
.

How were Flowserve's earnings last quarter?

Flowserve Co. (NYSE:FLS) announced its quarterly earnings data on Sunday, May, 2nd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.09. The industrial products company earned $857.31 million during the quarter, compared to analyst estimates of $813.29 million. Flowserve had a net margin of 3.54% and a trailing twelve-month return on equity of 13.96%. Flowserve's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS.
View Flowserve's earnings history
.

How has Flowserve's stock been impacted by Coronavirus (COVID-19)?

Flowserve's stock was trading at $28.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FLS shares have increased by 43.4% and is now trading at $40.76.
View which stocks have been most impacted by COVID-19
.

How often does Flowserve pay dividends? What is the dividend yield for Flowserve?

Flowserve announced a quarterly dividend on Thursday, May 20th. Stockholders of record on Friday, June 25th will be paid a dividend of $0.20 per share on Friday, July 9th. This represents a $0.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, June 24th.
View Flowserve's dividend history
.

Is Flowserve a good dividend stock?

Flowserve pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.97%. Flowserve does not yet have a strong track record of dividend growth. The dividend payout ratio of Flowserve is 45.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Flowserve will have a dividend payout ratio of 40.20% next year. This indicates that Flowserve will be able to sustain or increase its dividend.
View Flowserve's dividend history.

What guidance has Flowserve issued on next quarter's earnings?

Flowserve updated its FY 2021 earnings guidance on Monday, May, 17th. The company provided earnings per share guidance of 1.400-1.600 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.520. The company issued revenue guidance of $3.54 billion-$3.62 billion, compared to the consensus revenue estimate of $3.56 billion.

What price target have analysts set for FLS?

7 analysts have issued 12-month price targets for Flowserve's shares. Their forecasts range from $30.00 to $46.00. On average, they anticipate Flowserve's stock price to reach $39.67 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
View analysts' price targets for Flowserve
or view top-rated stocks among Wall Street analysts.

Who are Flowserve's key executives?

Flowserve's management team includes the following people:
  • Mr. Robert Scott Rowe, Pres, CEO & Director (Age 50, Pay $2.05M)
  • Ms. Amy B. Schwetz, Sr. VP & CFO (Age 46, Pay $1.69M)
  • Mr. John E. Roueche III, VP of Investor Relations & Treasurer (Age 54, Pay $520.13k)
  • Ms. Lanesha T. Minnix, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 46, Pay $1.05M)
  • Mr. Keith E. Gillespie, Sr. VP & Chief Sales Officer (Age 55, Pay $670.43k)
  • Ms. Elizabeth L. Burger, Sr. VP & Chief HR Officer (Age 50, Pay $698.23k)
  • Mr. Scott K. Vopni, VP & Chief Accounting Officer (Age 53)
  • Ms. Tauseef Salma, VP of Marketing & Technology
  • Mr. Lars E. Rosene, VP of Corp. Communications & Public Affairs (Age 53)
  • Mr. Kirk R. Wilson, Pres of Flow Control Division (Age 54)

What is Scott Rowe's approval rating as Flowserve's CEO?

147 employees have rated Flowserve CEO Scott Rowe on Glassdoor.com. Scott Rowe has an approval rating of 83% among Flowserve's employees.

Who are some of Flowserve's key competitors?

What other stocks do shareholders of Flowserve own?

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

What is Flowserve's stock symbol?

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

Who are Flowserve's major shareholders?

Flowserve's stock is owned by a variety of institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (10.89%), BlackRock Inc. (8.78%), First Eagle Investment Management LLC (8.58%), Caisse DE Depot ET Placement DU Quebec (5.06%), Price T Rowe Associates Inc. MD (1.58%) and Gamco Investors INC. ET AL (1.24%). Company insiders that own Flowserve stock include Kirk Wilson, Lanesha Minnix, Sanjay Chowbey and Sujeet Chand.
View institutional ownership trends for Flowserve
.

Which institutional investors are selling Flowserve stock?

FLS stock was sold by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Price T Rowe Associates Inc. MD, Geode Capital Management LLC, Millennium Management LLC, Caisse DE Depot ET Placement DU Quebec, Fiduciary Management Inc. WI, TD Asset Management Inc., and Gotham Asset Management LLC.
View insider buying and selling activity for Flowserve
or view top insider-selling stocks.

Which institutional investors are buying Flowserve stock?

FLS stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Deprince Race & Zollo Inc., Alliancebernstein L.P., Russell Investments Group Ltd., Renaissance Technologies LLC, Cubist Systematic Strategies LLC, Principal Financial Group Inc., and Principal Financial Group Inc.. Company insiders that have bought Flowserve stock in the last two years include Sanjay Chowbey, and Sujeet Chand.
View insider buying and selling activity for Flowserve
or or view top insider-buying stocks.

How do I buy shares of Flowserve?

Shares of FLS 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.
Compare Top Brokerages Here.

What is Flowserve's stock price today?

One share of FLS stock can currently be purchased for approximately $40.76.

How much money does Flowserve make?

Flowserve has a market capitalization of $5.31 billion and generates $3.73 billion in revenue each year. The industrial products company earns $116.33 million in net income (profit) each year or $1.74 on an earnings per share basis.

How many employees does Flowserve have?

Flowserve employs 16,000 workers across the globe.

What is Flowserve's official website?

The official website for Flowserve is www.flowserve.com.

Where are Flowserve's headquarters?

Flowserve is headquartered at 5215 N. O`CONNOR BLVD. SUITE 2300, IRVING TX, 75039.

How can I contact Flowserve?

Flowserve's mailing address is 5215 N. O`CONNOR BLVD. SUITE 2300, IRVING TX, 75039. The industrial products company can be reached via phone at 972-443-6500 or via email at [email protected]


This page was last updated on 6/25/2021 by MarketBeat.com Staff
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