NYSE:FLS - Flowserve Stock Price, Forecast & News

Flowserve's stock was trading at $28.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FLS shares have decreased by 23.7% and is now trading at $21.69. View which stocks have been mosted impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Flowserve.

Flowserve is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Flowserve.

Flowserve Corp (NYSE:FLS) issued its quarterly earnings results on Monday, February, 17th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The industrial products company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Flowserve had a return on equity of 16.44% and a net margin of 6.43%. During the same period in the prior year, the business posted $0.58 EPS. View Flowserve's earnings history.

Flowserve announced a quarterly dividend on Monday, February 24th. Shareholders of record on Friday, March 27th will be given a dividend of $0.20 per share on Thursday, April 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, March 26th. This is an increase from Flowserve's previous quarterly dividend of $0.19. View Flowserve's dividend history.

Flowserve issued an update on its FY20 earnings guidance on Tuesday, February, 18th. The company provided earnings per share guidance of $2.30-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.46. The company issued revenue guidance of +3-5% yr/yr to $4.06-4.14 billion, compared to the consensus revenue estimate of $4.09 billion.

7 equities research analysts have issued twelve-month price targets for Flowserve's stock. Their forecasts range from $25.00 to $58.00. On average, they anticipate Flowserve's share price to reach $45.14 in the next twelve months. This suggests a possible upside of 108.1% from the stock's current price. View analysts' price targets for Flowserve.

News articles about FLS stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Flowserve earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutFlowserve.

Flowserve saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,245,700 shares, an increase of 5.9% from the February 27th total of 4,010,000 shares. Based on an average daily trading volume, of 854,200 shares, the days-to-cover ratio is currently 5.0 days. Approximately 3.3% of the company's stock are short sold. View Flowserve's Current Options Chain.

Some companies that are related to Flowserve include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Xylem (XYL), Dover (DOV), IDEX (IEX), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Ingersoll-Rand (IR), Gardner Denver (GDI), Lincoln Electric (LECO) and Woodward, Inc.Common Stock (WWD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowserve investors own include Boeing (BA), Exxon Mobil (XOM), Gilead Sciences (GILD), General Electric (GE), Mcdonald's (MCD), salesforce.com (CRM), IBM (IBM), UnitedHealth Group (UNH), Wells Fargo & Co (WFC) and Intel (INTC).

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 investors include First Eagle Investment Management LLC (9.26%), State Street Corp (4.11%), FMR LLC (3.74%), Caisse DE Depot ET Placement DU Quebec (2.19%), Massachusetts Financial Services Co. MA (1.90%) and Geode Capital Management LLC (1.59%). Company insiders that own Flowserve stock include John Lenander, Lanesha Minnix, Sanjay Chowbey and Sujeet Chand. View institutional ownership trends for Flowserve.

FLS stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Janus Henderson Group PLC, Golub Group LLC, AQR Capital Management LLC, FMR LLC, New York State Common Retirement Fund, Fjarde AP Fonden Fourth Swedish National Pension Fund, and Nuveen Asset Management LLC. Company insiders that have sold Flowserve company stock in the last year include John Lenander, and Lanesha Minnix. View insider buying and selling activity for Flowserve.

FLS stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Caisse DE Depot ET Placement DU Quebec, Westfield Capital Management Co. LP, Massachusetts Financial Services Co. MA, Credit Suisse AG, Goldman Sachs Group Inc., Man Group plc, and Geode Capital Management LLC. 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.

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

One share of FLS stock can currently be purchased for approximately $21.69.

Flowserve has a market capitalization of $2.84 billion and generates $3.94 billion in revenue each year. The industrial products company earns $253.67 million in net income (profit) each year or $2.20 on an earnings per share basis. Flowserve employs 17,000 workers across the globe. View additional information about Flowserve.

The official website for Flowserve is http://www.flowserve.com/.

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]