Flowserve Corporation (NYSE:FLS) Plans Quarterly Dividend of $0.22

Flowserve Corporation (NYSE:FLS) declared a quarterly dividend on Thursday, May 14th. Investors of record on Friday, June 26th will be paid a dividend of 0.22 per share by the industrial products company on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 26th.

Flowserve has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Flowserve has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Flowserve to earn $4.61 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 19.1%.

Flowserve Price Performance

Shares of NYSE:FLS opened at $68.01 on Friday. The stock has a market cap of $8.69 billion, a PE ratio of 25.19, a PEG ratio of 1.50 and a beta of 1.24. The company’s fifty day moving average is $77.01 and its 200 day moving average is $75.60. Flowserve has a 52 week low of $45.11 and a 52 week high of $92.41. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts anticipate that Flowserve will post 4.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FLS shares. Jefferies Financial Group restated a “buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Royal Bank Of Canada decreased their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Stifel Nicolaus set a $92.00 price objective on shares of Flowserve in a research report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Flowserve has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Flowserve Company Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.