Flowserve (NYSE:FLS – Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 4.100-4.200 for the period, compared to the consensus earnings per share estimate of 4.100. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.9 billion.
Analyst Upgrades and Downgrades
Several analysts have weighed in on FLS shares. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a research report on Thursday, July 30th. Royal Bank Of Canada decreased their target price on shares of Flowserve from $94.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Robert W. Baird set a $93.00 price objective on Flowserve in a report on Friday, July 31st. Stifel Nicolaus raised their target price on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Mizuho lowered their price objective on Flowserve from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and an average price target of $85.40.
Read Our Latest Report on Flowserve
Flowserve Stock Up 10.8%
Shares of FLS opened at $79.53 on Friday. Flowserve has a 12-month low of $63.27 and a 12-month high of $92.41. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $74.28 and its 200 day moving average price is $76.40. The firm has a market cap of $10.11 billion, a P/E ratio of 39.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23.
Flowserve (NYSE:FLS – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.98 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Flowserve had a net margin of 5.42% and a return on equity of 22.37%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. On average, sell-side analysts forecast that Flowserve will post 4.10 earnings per share for the current year.
Flowserve Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s payout ratio is 44.22%.
Flowserve Company Profile
Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.
Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.
Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.
Recommended Stories
- Five stocks we like better than Flowserve
- Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?
- SaaS-Pocalypse II: Is ServiceNow’s Sell-Off Another Buying Opportunity?
- Robinhood Stock Is Down Nearly 37%—So Why Is Wall Street Still So Bullish?
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
Receive News & Ratings for Flowserve Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowserve and related companies with MarketBeat.com's FREE daily email newsletter.
