Flowserve Corp (NYSE:FLS) – Investment analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Flowserve in a research note issued on Thursday, according to Zacks Investment Research. KeyCorp analyst J. Picariello forecasts that the industrial products company will earn $0.30 per share for the quarter. KeyCorp also issued estimates for Flowserve’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $2.00 EPS.
A number of other analysts have also recently commented on FLS. Goldman Sachs Group cut Flowserve from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $42.65 to $37.00 in a research report on Thursday, December 7th. Stifel Nicolaus cut Flowserve from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Monday, December 11th. Robert W. Baird restated a “hold” rating and issued a $45.00 price target on shares of Flowserve in a research report on Friday, December 15th. Zacks Investment Research cut Flowserve from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada restated a “sell” rating and issued a $39.00 price target on shares of Flowserve in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.67.
Flowserve (NYSE FLS) traded down $0.34 during mid-day trading on Monday, reaching $44.26. The company’s stock had a trading volume of 622,099 shares, compared to its average volume of 1,504,170. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.35 and a current ratio of 2.06. The company has a market capitalization of $5,790.00, a P/E ratio of 49.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.53. Flowserve has a 52 week low of $37.51 and a 52 week high of $51.92.
Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Wednesday, March 28th. Flowserve’s dividend payout ratio is currently 84.44%.
Several large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its position in shares of Flowserve by 2.2% during the third quarter. First Eagle Investment Management LLC now owns 13,059,375 shares of the industrial products company’s stock worth $556,199,000 after purchasing an additional 276,377 shares in the last quarter. BlackRock Inc. grew its position in shares of Flowserve by 1.7% during the fourth quarter. BlackRock Inc. now owns 8,348,224 shares of the industrial products company’s stock worth $351,713,000 after purchasing an additional 139,724 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Flowserve by 2.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,873,051 shares of the industrial products company’s stock worth $121,042,000 after purchasing an additional 56,774 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of Flowserve by 78.5% during the third quarter. Pictet Asset Management Ltd. now owns 2,339,145 shares of the industrial products company’s stock worth $99,624,000 after purchasing an additional 1,028,684 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Flowserve by 9,083.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,158,138 shares of the industrial products company’s stock worth $90,922,000 after purchasing an additional 2,134,637 shares in the last quarter.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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