FY2024 Earnings Estimate for Flowserve Co. (NYSE:FLS) Issued By Zacks Research

Flowserve Co. (NYSE:FLS) – Equities researchers at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Flowserve in a research report issued to clients and investors on Monday, May 20th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $2.60 for the year, up from their previous forecast of $2.51. The consensus estimate for Flowserve’s current full-year earnings is $2.66 per share. Zacks Research also issued estimates for Flowserve’s Q3 2025 earnings at $0.71 EPS, FY2025 earnings at $2.90 EPS and Q1 2026 earnings at $0.61 EPS.

A number of other analysts have also recently issued reports on the company. Robert W. Baird lifted their price objective on Flowserve from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Mizuho reaffirmed a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of Flowserve in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Flowserve from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. Royal Bank of Canada increased their price target on shares of Flowserve from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd. Finally, UBS Group lifted their price objective on shares of Flowserve from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.55.

Flowserve Trading Down 2.3 %

Shares of NYSE:FLS opened at $48.83 on Wednesday. The firm has a fifty day moving average of $47.22 and a two-hundred day moving average of $42.78. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.58. Flowserve has a 12-month low of $32.49 and a 12-month high of $50.49. The firm has a market capitalization of $6.43 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.30 and a beta of 1.42.

Flowserve (NYSE:FLS) last released its earnings results on Monday, April 29th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Flowserve had a return on equity of 15.50% and a net margin of 5.29%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLS. Tidal Investments LLC raised its holdings in Flowserve by 25.5% in the 1st quarter. Tidal Investments LLC now owns 32,256 shares of the industrial products company’s stock valued at $1,473,000 after acquiring an additional 6,562 shares in the last quarter. Interval Partners LP lifted its position in Flowserve by 158.7% in the first quarter. Interval Partners LP now owns 578,980 shares of the industrial products company’s stock worth $26,448,000 after purchasing an additional 355,140 shares during the period. Bayesian Capital Management LP boosted its stake in Flowserve by 11.5% during the first quarter. Bayesian Capital Management LP now owns 10,498 shares of the industrial products company’s stock worth $480,000 after buying an additional 1,080 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Flowserve in the 1st quarter valued at $41,413,000. Finally, Quadrature Capital Ltd raised its stake in shares of Flowserve by 49.4% in the 1st quarter. Quadrature Capital Ltd now owns 15,944 shares of the industrial products company’s stock valued at $728,000 after buying an additional 5,271 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling at Flowserve

In other news, CEO Robert Scott Rowe sold 42,269 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $49.98, for a total value of $2,112,604.62. Following the completion of the sale, the chief executive officer now directly owns 407,243 shares of the company’s stock, valued at $20,354,005.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 1.72%. Flowserve’s payout ratio is 47.46%.

About Flowserve

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.