Flowserve (FLS) to Release Earnings on Monday

Flowserve (NYSE:FLS) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect Flowserve to post earnings of $0.46 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Flowserve had a net margin of 4.32% and a return on equity of 14.44%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts expect Flowserve to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flowserve Stock Performance

Shares of FLS opened at $46.77 on Friday. Flowserve has a 1 year low of $32.37 and a 1 year high of $48.31. The firm has a fifty day moving average of $44.88 and a 200-day moving average of $41.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.27 and a current ratio of 1.88. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 1.33 and a beta of 1.46.

Flowserve Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.21 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Flowserve’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.80%. Flowserve’s payout ratio is 59.57%.

Wall Street Analyst Weigh In

FLS has been the topic of a number of analyst reports. Mizuho lifted their price target on Flowserve from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. StockNews.com cut Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada lifted their target price on Flowserve from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, February 22nd. Citigroup lifted their target price on Flowserve from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on Flowserve from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.25.

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.