Flowserve (FLS) Projected to Post Quarterly Earnings on Tuesday

Flowserve (NYSE:FLS) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $1.21 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Flowserve Trading Down 0.8 %

Shares of FLS stock opened at $62.25 on Friday. Flowserve has a 12-month low of $41.60 and a 12-month high of $65.08. The company has a market capitalization of $8.18 billion, a P/E ratio of 30.82, a P/E/G ratio of 1.29 and a beta of 1.42. The firm has a 50-day moving average price of $60.72 and a 200 day moving average price of $55.42. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.56.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, December 27th. Flowserve’s payout ratio is presently 41.58%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FLS shares. StockNews.com cut shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 27th. TD Cowen raised their price objective on shares of Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their price objective on shares of Flowserve from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Flowserve from a “sell” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $69.00 in a research report on Thursday, December 12th. Finally, Robert W. Baird raised their price objective on shares of Flowserve from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Flowserve has an average rating of “Moderate Buy” and a consensus price target of $67.50.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment 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 and in the oil and gas production and process markets.