Flowserve Corporation (FLS) to Issue Quarterly Dividend of $0.22 on October 9th

Flowserve Corporation (NYSE:FLS) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.22 per share by the industrial products company on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th.

Flowserve has raised its dividend payment by an average of 0.0%per year 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Flowserve to earn $4.66 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 18.9%.

Flowserve Trading Up 1.7%

FLS opened at $75.97 on Wednesday. Flowserve has a 12 month low of $48.71 and a 12 month high of $92.41. The stock has a fifty day moving average price of $75.95 and a 200-day moving average price of $75.58. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.66 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, equities research analysts anticipate that Flowserve will post 4.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLS has been the subject of a number of research reports. Weiss Ratings raised Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 8th. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a research report on Thursday, July 30th. Royal Bank Of Canada raised their price target on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Finally, Stifel Nicolaus increased their price objective on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Seven 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 a consensus rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Company Profile

Flowserve Corp. is an industrial manufacturer that designs, manufactures and services flow-control equipment used to move, control and protect fluids in industrial processes. Its product portfolio includes engineered and industrial pumps, valves, mechanical seals, aftermarket parts and related services.

The company serves customers across energy, chemical processing, water, mining, pharmaceutical, power generation and other general industrial markets. Its equipment is used in applications such as oil and gas production, refining, pipeline transportation, power generation and industrial water treatment.

Flowserve traces its corporate heritage to businesses established in the late 18th century and was formed in its current structure through the combination of established pump and flow-control companies.