Equities analysts expect Flowserve Corp (NYSE:FLS) to report $0.38 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Flowserve’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.24. Flowserve posted earnings per share of $0.54 during the same quarter last year, which would indicate a negative year-over-year growth rate of 29.6%. The business is expected to announce its next earnings results on Wednesday, July 29th.
According to Zacks, analysts expect that Flowserve will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.55. For the next financial year, analysts forecast that the business will post earnings of $1.43 per share, with EPS estimates ranging from $1.10 to $1.66. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Flowserve.
Flowserve (NYSE:FLS) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.20). Flowserve had a net margin of 4.96% and a return on equity of 14.99%. The business had revenue of $894.50 million during the quarter, compared to analyst estimates of $874.95 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV lifted its position in Flowserve by 2.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,909 shares of the industrial products company’s stock worth $593,000 after buying an additional 289 shares in the last quarter. American International Group Inc. lifted its position in Flowserve by 0.9% during the first quarter. American International Group Inc. now owns 44,699 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 415 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its position in Flowserve by 0.8% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 70,145 shares of the industrial products company’s stock worth $3,491,000 after buying an additional 525 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Flowserve by 2.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 24,756 shares of the industrial products company’s stock worth $592,000 after buying an additional 563 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in Flowserve by 0.5% during the first quarter. Moody National Bank Trust Division now owns 111,699 shares of the industrial products company’s stock worth $2,669,000 after buying an additional 578 shares in the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.
FLS traded up $1.22 during trading on Tuesday, hitting $28.23. The company’s stock had a trading volume of 780,900 shares, compared to its average volume of 1,491,386. The company has a current ratio of 2.19, a quick ratio of 1.57 and a debt-to-equity ratio of 0.89. Flowserve has a twelve month low of $18.98 and a twelve month high of $53.98. The business’s fifty day simple moving average is $26.90 and its 200 day simple moving average is $35.40. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.76 and a beta of 1.80.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Friday, June 19th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%. Flowserve’s payout ratio is 36.36%.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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