Research Analysts Issue Forecasts for Flowserve Q4 Earnings

Flowserve Co. (NYSE:FLS) – Stock analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of Flowserve in a note issued to investors on Monday, November 18th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.76. The consensus estimate for Flowserve’s current full-year earnings is $2.72 per share. Zacks Research also issued estimates for Flowserve’s Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.75 EPS, FY2025 earnings at $3.07 EPS, Q1 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.53 EPS.

Other equities analysts also recently issued reports about the stock. Robert W. Baird increased their price target on shares of Flowserve from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Flowserve from $46.00 to $52.00 and gave the stock a “sell” rating in a research report on Thursday, October 10th. StockNews.com lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group initiated coverage on Flowserve in a report on Friday, October 18th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Mizuho raised their price objective on Flowserve from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.10.

Flowserve Trading Down 0.3 %

NYSE FLS opened at $59.89 on Wednesday. The stock has a market cap of $7.87 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.38. Flowserve has a fifty-two week low of $37.24 and a fifty-two week high of $61.60. The stock has a 50 day simple moving average of $53.83 and a two-hundred day simple moving average of $50.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 1.99.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Flowserve had a return on equity of 17.10% and a net margin of 5.90%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Flowserve’s revenue was up 3.5% compared to the same quarter last year.

Hedge Funds Weigh In On Flowserve

Several hedge funds and other institutional investors have recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Flowserve in the third quarter worth about $25,000. Signaturefd LLC boosted its holdings in shares of Flowserve by 185.9% in the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company’s stock worth $27,000 after buying an additional 370 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Flowserve during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Flowserve during the third quarter valued at approximately $29,000. Finally, nVerses Capital LLC bought a new position in Flowserve in the second quarter worth approximately $34,000. 93.93% of the stock is owned by institutional investors.

About Flowserve

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.