Flowserve Corporation (FLS) To Go Ex-Dividend on June 26th

Flowserve Corporation (NYSE:FLS) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 26th will be given 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 1.1%. The ex-dividend date is Friday, June 26th.

Flowserve has increased 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. Equities analysts expect Flowserve to earn $4.62 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 19.0%.

Flowserve Stock Down 1.9%

FLS stock opened at $80.02 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve has a 52-week low of $46.63 and a 52-week high of $92.41. The company has a 50-day moving average of $76.02 and a two-hundred day moving average of $76.93. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22.

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

Analyst Upgrades and Downgrades

FLS has been the topic of a number of research analyst reports. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research note on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

About Flowserve

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.